Paramount beefs up its bid for Warner Bros. Discovery
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Warner Bros. Discovery rejects Paramount Skydance's hostile bid, saying Netflix's offer is superior
Warner Bros. Discovery's board told its shareholders that Paramount Skydance's offer "provides inadequate value" for the business.
Netflix has refinanced a part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery's film, TV studios and streaming assets, according to a regulatory filing on Monday.