Warner Brothers Discovery has rejected the latest takeover bid from Paramount Skydance, saying it’s still inferior to a rival offer from Netflix. Despite a $40 billion guarantee from billionaire Larry Ellison, WBD’s board says the plan is a risky leveraged buyout, financed by debt. But first, the United States says it’s « selectively » removing sanctions to bring Venezuelan oil back into international markets, starting with the sale of up to 50 million barrels to the US.
