Paramount's $30 Bid for Warner Bros. Shakes Up Hollywood

Paramount Skydance launches hostile takeover bid for Warner Bros. Discovery, offering $30 per share, valuing it at over $108 billion. This move comes after Warner Bros. agreed to a deal with Netflix. The fight between Netflix and Paramount could reshape the entertainment industry, raising antitrust concerns. Warner Bros. plans to review Paramounts offer but remains committed to the Netflix bid. The acquisition is far from over, with many twists and turns expected.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.