hostile bid | AnewZ

Warner Bros. rejects Paramount takeover bid, opts for Netflix

Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.

Paramount counters Netflix with $108B Warner Bros bid

19:02

NETFLIX-WARNER BROS

Paramount counters Netflix with $108B Warner Bros bid

Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.

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