Warner Bros. plans to reject Paramount's revised takeover offer next week because the board believes there has been no improvement in the valuation of the offer and still believes that Netflix's offer is more advantageous. The board of directors has yet to make a formal decision, but people familiar with the matter say that Paramount failed to raise the purchase offer, which essentially made the proposal come to an end as soon as it was proposed.

Warner Bros. plans to reject Paramount's revised takeover offer next week because the board believes there has been no improvement in the valuation of the offer and still believes that Netflix's offer is more advantageous. The board of directors has yet to make a formal decision, but people familiar with the matter say that Paramount failed to raise the purchase offer, which essentially made the proposal come to an end as soon as it was proposed.