The latest offer came in at nearly $24 per share, according to CNBC
Warner Bros. Discovery has rejected three separate takeover bids from Paramount, including one for nearly $24 per share that was 80% cash and 20% stock, according to CNBC.
The moves come as WBD has launched a review of strategic alternatives following “unsolicited interest” from “multiple parties” for all or part of its business. The outlet previously reported that both Comcast and Netflix are interested in the company’s studio and streaming assets, which are on track to split from its linear networks business in April.
Representatives for Comcast and Warner Bros. Discovery did not immediately return TheWrap’s request for comment, while Paramount declined to comment.
In addition to continuing with the split into Warner Bros.
