Warner Bros. Discovery (WBD) shares remained largely flat in early Thursday trading. The company yesterday rejected a rival acquisition bid, expressing preference for its existing partnership with Netflix (NFLX). WBD urged shareholders to decline the hostile takeover offer from Paramount's Skydance (PSKY), citing inferior terms and higher risks, while reaffirming support for its prior merger agreement with Netflix. Netflix executives have already visited Warner Bros. studios to discuss collaboration.
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