Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers. "Today the Warner Bros. Discovery Board sent a clear message to you, their stockholders," the company said in a letter to shareholders. "The WBD Board urges you to reject Paramount Skydance's unsolicited, inferior and illusory tender offer."Paramount went hostile with its bid last week, asking shareholders to reject the deal with Netflix favoured by the board of Warner Bros.Paramount is offering $30 per Warner share to Netflix's $27.75.