Mon - Fri 8:00 - 6:30

Because everything affects our health, life, and legacy.

Business

Article Image Business

Paramount refuses to back down in Warner Bros. Discovery takeover fight against Netflix

On HALO

20 hours ago

Paramount on Thursday continued to insist it made a superior offer for Warner Bros. Discovery, compared to that of Netflix, despite pushback from the WBD board of directors.Netflix agreed last year 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 Bros. Discovery share. Paramount, a Skydance Corporation, then launched a hostile takeover bid for all of Warner Bros. Discovery, including cable assets that Netflix left behind. WBD Board of Directors Chair Samuel A. Di Piazza Jr., reiterated the boar...

HALO NEWSLETTER

Join HALO today and unlock this story instantly — It's Free

20 hours ago
On HALO

Opinion and Comments