The Zhitong Finance App learned that some media quoted information revealed by people familiar with the matter as reporting that Warner Bros. Exploration (WBD.US) plans to reject the “hostile takeover offer” proposed by Paramount Tianmu (PSKY.US) due to concerns about financing arrangements and other terms. People familiar with the matter said that after reviewing and evaluating Paramount's bid, the Warner Bros. board of directors will urge shareholders to reject the proposed takeover; those familiar with the matter requested anonymity in order to discuss confidential information. They said the board of directors still believes that the value, certainty, and terms provided by the company's existing agreement with streaming media leader Netflix (NFLX.US) are superior to the plan proposed by Paramount Sky Dance.

The Zhitong Finance App learned that some media quoted information revealed by people familiar with the matter as reporting that Warner Bros. Exploration (WBD.US) plans to reject the “hostile takeover offer” proposed by Paramount Tianmu (PSKY.US) due to concerns about financing arrangements and other terms. People familiar with the matter said that after reviewing and evaluating Paramount's bid, the Warner Bros. board of directors will urge shareholders to reject the proposed takeover; those familiar with the matter requested anonymity in order to discuss confidential information. They said the board of directors still believes that the value, certainty, and terms provided by the company's existing agreement with streaming media leader Netflix (NFLX.US) are superior to the plan proposed by Paramount Sky Dance.