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Paramount launches hostile takeover bid of Warner Bros Discovery, says offer is ‘superior’ to Netflix deal

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4 days ago

Paramount, a Skydance Corporation, announced Monday it has launched an all-cash tender offer to acquire the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash, with the company suggesting it’s a "superior" offer than the recently announced Netflix deal.Paramount's proposed transaction is for the entirety of WBD, including the Global Networks segment that includes CNN and other cable assets. This comes after Netflix agreed to acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max, in a cash-and-stock deal valued at $27.75 per Warner B...

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4 days ago
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