Warner Bros. Discovery Rejected Paramount Skydance Acquisition Offer of $20 per Share as Too Low (Report)

Warner Bros. Discovery rejected a takeover offer of “around” $20 per share from David Ellison’s Paramount Skydance in recent weeks as “too low,” Bloomberg News reported Saturday, citing anonymous sources. WBD shares closed at $17.10/share Friday, up more than 36% since news broke Sept. 11 of Ellison’s interest in bidding for the rival just weeks […]