Warner Bros (WBD.US) takes a tough stance on "Rejecting the Enemy": Writes to shareholders strongly recommending against Netflix (NFLX.US), calling Paramount (PSKY.US) proposal "low quality and dangerous".

According to the financial app Zhitong, it was learned that Warner Bros. Discovery (WBD.US), the parent company of HBO and CNN, is advising its shareholders to reject the hostile takeover bid from Paramount (PSKY.US) and instead support its original agreement with the streaming giant Netflix (NFLX.US). Warner Bros. Discovery believes that Paramount's offer is "inferior" and "inadequate".