Categories: Business

Warner Bros rebuffs Paramount takeover approach, Bloomberg News reports

(Reuters) -Warner Bros Discovery has rebuffed Paramount Skydance's initial takeover approach as too low, Bloomberg News reported on Saturday. Warner Bros rejected Paramount's offer of around $20 per…

Add NewsX As A Trusted Source
Add as a preferred
source on Google
Published by NewsX Syndication
Published: October 12, 2025 09:10:02 IST

(Reuters) -Warner Bros Discovery has rebuffed Paramount Skydance's initial takeover approach as too low, Bloomberg News reported on Saturday. Warner Bros rejected Paramount's offer of around $20 per share in recent weeks, the report said, citing people familiar with the matter. Warner Bros and Paramount did not immediately respond to a Reuters request for comment. Paramount, led by David Ellison, is exploring several paths in its bid for Warner Bros., including increasing its offer, appealing directly to shareholders, or securing extra support from a financial partner, Bloomberg report added, citing sources. Paramount has been in talks with alternative asset manager Apollo Global Management about backing its bid, Bloomberg reported earlier this week. Ellison, took over Paramount in August after completing an $8 billion merger with his film production company Skydance Media. (Reporting by Devika Nair in Bengaluru; Editing by Raju Gopalakrishnan)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Published by NewsX Syndication
Published: October 12, 2025 09:10:02 IST

Recent Posts

IND vs NZ: Ishan Kishan Explodes With Maiden T20I Century, 103 Off 43 Puts World Cup Rivals on Notice

Kishan’s century also saw him achieve a rare milestone in Indian cricket. He became only…

January 31, 2026

Union Budget 2026: FM Nirmala Sitharaman Set to Break a 75-Year Tradition Tomorrow- Here’s Why It’s Historic and Different

Sitharaman’s 9th Budget, on a Sunday, may break a 75-year speech tradition with a long-term…

January 31, 2026

WWE Royal Rumble 2026 Live Streaming: When, Where And How To Watch Battle Royal in India, Start Date, TV Telecast, Mobile App

WWE's one of the most-anticipated event, Royal Rumble will take place pm 31 January in…

January 31, 2026