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WBD
New York Post
12 hrs

Warner Bros. Discovery rejects $24-a-share takeover bid fom Paramount Skydance: sources

1. David Ellison attempted a $24 per share bid for WBD, rejected. 2. WBD is open to the sale, stock rose nearly 12% after announcement. 3. Zaslav seeks $30 per share value, considering strategic alternatives. 4. Multiple parties, including Netflix and Apple, have shown interest in WBD. 5. Zaslav may continue holding out for a higher bid to maximize value.

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FAQ

Why Bullish?

The announcement of unsolicited interest and rising stock indicates increased market confidence.

How important is it?

Interest from major players could significantly influence WBD's valuation and strategic direction.

Why Short Term?

Immediate trading volatility is likely leading up to potential bids; long-term impact depends on actual acquisitions.

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