Warner Bros. rejects Paramount takeover
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Paramount has launched a new round of layoffs affecting staff across CBS Entertainment, MTV, BET, and other divisions, The Wrap reports. The cuts, which began Oct. 29, are part of the company’s restructuring under new CEO David Ellison following its ...
This is read by an automated voice. Please report any issues or inconsistencies here. Warner Bros. Discovery accuses Paramount of failing to commit real money behind its $78-billion bid despite claims of full financial backing from the Ellison family.
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros. Discovery in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged ...