WBD board tells shareholders to reject Paramount Skydance's takeover offer, saying 'value is inadequate' CNBCKushner firm drops out of Paramount’s hostile $108B Warner Bros. Discovery bid Fox BusinessWarner Bros. Discovery rejects Paramount Skydance's hostile bid, saying Netflix's offer is superior CBS NewsWarner Bros. Discovery advises shareholders to reject Paramount’s offer. But the battle isn’t over CNNKushner’s Affinity Withdraws From Warner Bros. Takeover Battle Bloomberg.com