Warner Bros. Discovery Urges Investors to Reject Skydance Offer, Seeks Larry Ellison’s Personal Backing
Warner Bros. Discovery pressed its shareholders on Wednesday to dismiss a hostile takeover proposal from Paramount-backed Skydance Media, arguing that the bid led by the Ellison family falls short of both the company’s valuation and the terms offered by rival suitor Netflix. The media conglomerate said the Skydance approach “remains inadequate on multiple levels” and […]