Warner Bros. Discovery rejects Paramount’s bid again, calls it a ‘leveraged buyout’

Source: TechCrunch

Warner Bros. Discovery rejects Paramount Skydance’s $108.4 billion bid

The studio’s board unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling the proposal a “leveraged buyout” that would saddle the company with $87 billion in debt.