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Entertainment

Paramount Launches Hostile Takeover Offer For Warner Bros. Discovery

Paramount has initiated a hostile takeover bid for Warner Bros. Discovery, offering $30 per share, which translates to an enterprise value of $108.4 billion. This move is aimed at countering Netflix's recent agreement to acquire a significant portion of Warner's assets at $27.75 per share, and Paramount claims its offer provides shareholders with a more lucrative option.

David Ellison and David Zaslav

David Ellison and David Zaslav

Credit: Deadline

Key Highlights

  • Paramount's offer values Warner Bros. Discovery at $108.4 billion.
  • The bid is $30 per share, exceeding Netflix's offer of $27.75 per share.
  • Paramount's acquisition attempt follows a failed bidding war with Netflix.
  • Warner Bros. Discovery owns major assets including HBO and Warner Bros. film studio.
  • Paramount argues its offer is superior, providing $18 billion more in cash to shareholders.
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Sources

  1. Paramount launches hostile bid for Warner Bros. Discovery despite Netflix deal
  2. Paramount Launches Hostile Takeover Bid for Warner Bros. Discovery Valued at $108 Billion, Seeking to Derail Netflix’s Deal
  3. Paramount Launches Hostile Takeover Offer For Warner Bros. Discovery

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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