Paramount launches hostile bid for Warner Bros. Discovery despite Netflix deal
Paramount is launching a hostile bid to acquire Warner Bros. Discovery after it lost to Netflix in a high-stakes bidding war, the company announced Monday, setting the stage for a corporate drama worthy of "Succession."Paramount said it would offer $30 per share for the media conglomerate, which owns the Warner Bros. film studio, the cable channel HBO, the streaming service HBO Max and a portfolio of cable brands.In a federal securities filing, Paramount said the hostile bid will be backed in pa...
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