#WBD deflected
#Paramount Skydance’s initial takeover approach, reportedly because the per-share price is too low.
New Paramount chief David Ellison is reportedly seeking alternatives, including raising the offered share price from $20 per share. That $20 ofer, made in recent weeks, was not attractive to WBD, according to Bloomberg News.
Ellison’s $8 billion merger with Skydance Media was completed in August.
📸: Mario Tama/Rodin Eckenroth/WireImage/Phillip Faraone/Getty
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