Warner Bros. Discovery advises shareholders to reject Paramount’s offer. But the battle isn’t over

Warner Bros. Discovery is officially rejecting Paramount’s buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders.

​ Warner Bros. Discovery is officially rejecting Paramount’s buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders. Read More Breaking News, Latest News and Videos | CNN