Warner Bros. Rejects Paramount, Prefers Netflix Merger

Warner Bros.

is saying no to a big offer from Paramount because they think it's not as good as Netflix's offer.

Paramount wants to buy Warner Bros.

for $108 billion, but Warner Bros.

thinks that deal has too many problems.

Netflix is offering $82 billion, and Warner Bros.

likes this better because Netflix is a strong company and won't have as many money problems.

Warner Bros.

also doesn't like that Paramount's deal is supported by people close to President Trump.

Netflix's leaders even visited Warner Bros.

to talk about the merger and promised to keep releasing Warner Bros.

movies in theaters.

Warner Bros.

is asking its shareholders to choose Netflix instead of Paramount.