After sending letter saying 'Cheating' to Warner Brothers Board, Paramount launches all-out hostile takeover bid; challenging Netflix offer
A fierce media battle has erupted as Paramount launched a $74.4 billion hostile takeover bid for Warner Bros. Discovery, challenging Netflix's earlier $72 billion offer. Paramount's CEO is bypassing Warner's management to appeal directly to shareholders, promising more cash and a simpler deal. This move follows Paramount's claims that Warner management ignored previous offers.
A fierce media battle has erupted as Paramount launched a $74.4 billion hostile takeover bid for Warner Bros. Discovery, challenging Netflix's earlier $72 billion offer. Paramount's CEO is bypassing Warner's management to appeal directly to shareholders, promising more cash and a simpler deal. This move follows Paramount's claims that Warner management ignored previous offers.
