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International Business Times

Warner Bros Discovery Says 'No' to Paramount's Early Takeover Proposal

Paramount Warner Bros Warner Bros Discovery David Ellison David Zaslav

The Warner Bros logo is seen onstage during Warner Bros Pictures "The Big Picture" special presentation featuring footage from its upcoming slate, at The Colosseum at Caesars Palace during CinemaCon 2024 in Las Vegas, Nevada, on April 9, 2024.

Warner Bros Discovery has turned down Paramount Skydance's initial takeover proposal, calling the offer too low, according to people familiar with the matter.

Paramount offered about $20 per share recently, but Warner Bros did not accept it.

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