Warner Bros is reportedly set to reject a hostile $108bn (£81bn) takeover bid from Paramount, with one of the prospective buyer's financing partners confirming it's pulled out of the offer.
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Paramount has launched a $108.4bn (£81bn) hostile bid for Warner Bros, challenging Netflix, which had reached a $72bn (£54bn) takeover deal with the company.
The multibillion-pound Paramount Skydance acquisition of Warner Bros Discovery has come even closer to becoming a reality after shareholders voted to accept the offer.
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Are Trump's allies behind hostile takeover bid of Warner Bros?
Warner Bros is reportedly set to reject a hostile $108bn (£81bn) takeover bid from Paramount, with one of the prospective buyer's financing partners confirming it's pulled out of the offer.