Paramount launches hostile takeover bid for Warner Bros. Discovery

Paramount Skydance has launched a hostile bid to acquire Warner Bros Discovery, despite an announcement on Friday (December 5) that Netflix had agreed to buy its studio and streaming assets – Warner Bros.’ film and TV studios, HBO and the streaming service HBO Max.
Netflix didn’t agree to take on WBD’s traditional TV operations, including CNN and the Discovery Channel, as part of its $82.7billion bid. In contrast, Paramount bid $108.4billion for the entire company di