Warner Bros. Rejects Paramount Bid
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After Paramount accused Warner Bros. of treating it unfairly during the deal talks, Warner Bros. has now gone on the offensive, telling shareholders that the Ellisons, the family that controls Paramount, "consistently misled" them about guarantees of the deal's funding, according to a new filing.
In rejecting Paramount ’s hostile takeover bid, Warner Bros. questions the Ellison family trust and its commitment to a $77.9 billion deal.
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.