Paramount Launches $108B Hostile Bid for WBD
Media giant Paramount has launched a hostile, all-cash takeover bid of $108.4 billion for Warner Bros. Discovery, directly challenging Netflix's recent $82.7 billion agreement for WBD's streaming and studio assets. This aggressive offer of $30 per share, significantly higher than Netflix's $27.75, aims to create a formidable media powerhouse, with WBD's board currently reviewing the unsolicited proposal.