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Breaking News: Warner Bros. Discovery Rejects Paramount's Bid Amid Ongoing Merger Talks
In a development that has caught the attention of Wall Street and entertainment industry observers alike, Warner Bros. Discovery has officially declined Paramount's latest bid to acquire the company. The rejection comes in the wake of Paramount's tender offer of $30 per share in cash—an offer that Warner Bros. Discovery's board firmly refuses to accept, citing multiple reasons rooted in transparency, financing, and strategic valuation.