Paramount Challenges Netflix for Warner Brothers

Paramount Stuns with Hostile Takeover Bid for Warner Brothers Discovery, Challenging Netflixs DealIn a surprising turn of events, Paramount has launched a hostile takeover bid for Warner Brothers Discovery, directly challenging Netflixs recent agreement to acquire the media giant. Paramount offered thirty dollars per share in cash for the entire company, urging shareholders to reject Netflixs deal valued at twenty-seven dollars and seventy-five cents per share. This move sets the stage for a dramatic battle over Warner Brothers Discovery, with two major media players now vying for control.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.