Warner Bros. Discovery
The "Brutal Math" of Media Consolidation: Why Warner Bros. Discovery Rejected the $108 Billion PSKY Bid
In a move that has sent shockwaves through the global media landscape, the Board of Directors of Warner Bros. Discovery (Nasdaq: WBD) officially rejected a massive $108.4 billion hostile takeover bid from Paramount Skydance Corporation (Nasdaq: PSKY) on Wednesday, January 7, 2026. The decision effectively paves the way for