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Paramount is bypassing Warner Bros. Discovery's leadership and going straight to shareholders in a hostile bid to buy the company. NBC News’ Chloe Melas reports on the latest move from Paramount CEO David Ellison.
It is the same bid that Warner Brothers rejected in favour of the offer from Netflix last week.
Paramount making a bid to acquire Warner Bros. Discovery, swooping in just days after Netflix announced a $83 billion deal to purchase a large part of the media giant.
Paramount Skydance on Monday launched a hostile, $108.4 billion bid to buy Warner Bros. Discovery, days after Warner Bros. agreed to be acquired by Netflix for $82.7 billion.
The Hollywood battle to buy Warner Bros Discovery is shaping up to be a blockbuster.
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Paramount is making a hostile bid for Warner Bros
Paramount Skydance has launched a hostile takeover bid for Warner Bros. Discovery, in a dramatic new effort to block Netflix from buying the company.
Paramount is launching a hostile bid to acquire Warner Bros.
Paramount has launched a $108.4bn (£81bn) hostile bid for Warner Bros, challenging Netflix, which had reached a $72bn (£54bn) takeover deal with the company.
