Paramount Skydance's Cash Bid for Warner Brothers Discovery

Paramount Skydance launches hostile takeover bid for Warner Brothers Discovery, offering $30 per share, $17.6B more than Netflixs proposal. Skydances offer is all-cash, unlike Netflixs mix of cash and stock, and aims to acquire the entire company. Skydance criticizes Netflixs proposal for its uncertain future and challenging regulatory approval process. Warner Brothers Discovery must now explain why they chose Netflix over Skydance to the SEC and lawmakers, who have expressed concerns about a potential anti-competitive streaming giant. The White House has also weighed in, with President Trump stating he would be involved in the decision and that Netflix owning HBO Max could be a problem.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.