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Warner Bros. Discovery Rejects Paramount Skydance's Initial Acquisition Proposal: Warner Bros. Discovery Has Rejected Paramount Skydance's Initial Acquisition Proposal, Citing It As Too Low, According To People Familiar With The Matter. These People, Who Asked Not To Be Identified Because The Matter Is Private, Said Paramount Had Made A Bid Of Approximately $20 Per Share In Recent Weeks, But Warner Bros. Rejected It. Warner Bros.' Stock Closed At $17.10 On Friday, Giving The Company A Market Capitalization Of $42.3 Billion; Paramount's Stock Price Was $17 Per Share, Giving It A Market Capitalization Of $18.6 Billion
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