Warner Bros-Netflix deal: WBD wants Oracle founder’s backing

Warner Bros. Discovery (WBD) has rejected Paramount Skydance's $108 billion hostile takeover bid, deeming it "misleading" and "inadequate." WBD's board urged shareholders to reject the offer, citing financial concerns and a lack of a strong personal guarantee from Larry Ellison. The company reiterated its preference for a merger agreement with Netflix, which it considers superior and more transparent.

from Times of India https://timesofindia.indiatimes.com/technology/tech-news/warner-bros-to-oracles-larry-ellison-on-paramount-offer-your-trust-isnt-enough-we-want-/articleshow/126056779.cms