Warner Bros. has once again rejected Paramount’s latest hostile bid, according to media reports.

Warner Bros. has once again rejected Paramount’s latest hostile bid, according to media reports.

The board of Warner Bros. Discovery (WBD) has unanimously rejected Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid is a risky leveraged buyout that investors should reject. In a letter to shareholders on Wednesday, the WBD board said Paramount’s offer depends on “an extraordinary amount of debt financing”…

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