Warner Bros Discovery Board Rejects Rival Bid From Paramount; Jack Smith to Testify Before House Judiciary Committee

Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday, saying it failed to provide adequate financing assurances. The board said it found Paramount’s offer “inferior” to the merger agreement with Netflix. The House Judiciary Committee is questioning former special counsel Jack Smith behind closed doors on Wednesday. Smith’s deposition is regarding […]