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Paramount Skydance, the parent company of CBS News, has launched a $108 billion hostile bid for Warner Bros. Discovery just days after WBD said it had agreed to a nearly $83 billion deal with Netflix. Fortune business editor Nick Lichtenberg joins with analysis.
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 Skydance made a $108.4 billion hostile takeover offer for all of Warner Bros. Discovery, with its all-cash bid coming just three days after Netflix agreed to buy a part of Warner Bros. in a deal valued at $82.7 billion. Jo Ling Kent has details.
After Netflix announced a deal to buy Warner Bros. Studios, HBO, and HBO Max, David Ellison’s Paramount went directly to shareholders with a bid to buy the entirety of Warner Bros. Discovery. President Trump has indicated he will be involved in reviewing the offers to see if a deal should be allowed to go through. NBC News’ Chloe Melas reports.
What to know about Netflix and Paramount Skydance's blockbuster battle over Warner Bros Discovery.
