Warner Bros Discovery (WBD) says Paramount Skydance (PSKY) continues to make same offer and their board repeatedly, unanimously rejected in favor of superior merger with Netflix (NFLX); WBD is confident in its ability to achieve regulatory approval

• Also clear its shareholders agree, with more than 93% also rejecting Paramount’s inferior scheme.

Warner Bros Discovery's (WBD) reaffirmation of their commitment to merge with Netflix (NFLX) over Paramount Skydance's (PSKY) offer indicates strong shareholder support and a clear strategic direction. With 93% of shareholders rejecting the competing offer, WBD is likely to face less resistance in achieving regulatory approval, which could position them favorably in the media landscape moving forward.