Warner Bros rejects Paramount bid, sticks with Netflix
In a statement, Warner Bros said the terms of the Netflix merger were better, while the Paramount offer "once again fails to address key concerns that we have consistently communicated... throughout our extensive engagement and review of their six previous proposals." "We are confident that our merger with Netflix represents superior, more certain value for our shareholders," it said. Netflix shocked the industry on December 5 by announcing it had sealed an agreement to buy the film and television... Читать дальше...
