EXCLUSIVE-Warner Bros discovery board rejected a Paramount Skydance's buyout offer, source says

Reuters
Oct 22
EXCLUSIVE-Warner Bros discovery board rejected a Paramount Skydance's buyout offer, source says

By Dawn Chmielewski

Oct 21 (Reuters) - The Warner Bros Discovery board on Tuesday rejected a Paramount Skydance offer of nearly $24 per share to buy the company, a source familiar with the matter said.

The offer was mostly cash, the source said.

(Reporting by Kenneth Li in New York)

((k.li@thomsonreuters.com ))

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