Warner Bros. Plans to Reject Paramount Bid on Funding, Terms
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said.After deliberating and reviewing the Paramount bid, the Warner Bros. board still views the company’s existing agreement with Netflix Inc. as offering greater value, certainty and terms than what Paramount has proposed, said the people, who asked not to be identified discussing confidential information.