Warner Bros rejects latest Paramount bid but open to ‘best and final’ offer

Warner Bros Discovery, home to major franchises such as Game of Thrones, Harry Potter and DC Comics’ superheroes Batman and Superman, has rejected Paramount Skydance’s latest offer to buy the company amid a looming deal with the streaming giant Netflix.

On Tuesday, Warner Bros rejected Paramount’s $30 per share bid, but has remained open to additional offers, giving the parent company of CBS New...