Warner Bros. Urges Investors to Reject Paramount Bid

Warner Bros. Discovery Inc., the parent of HBO and CNN, advised its shareholders to reject a hostile takeover bid by Paramount Skydance Corp. in favor of its original agreement with streaming giant Netflix Inc., deeming the Paramount offer “inferior” and “inadequate.” Geetha Rangathan joins to discuss the latest on the Warner Brothers bidding war with Paul Sweeney and Scarlet Fu. (Source: Bloomberg)