Paramount launched a hostile, all-cash bid against Netflix to acquire Warner Bros. Discovery for $30 per share.

The Skydance company’s competitive bid comes just days after Netflix announced that it entered a “definitive agreement” with Warner Bros. to purchase it and its HBO Max and HBO studios for $27.75 per share. Netflix won the streaming services bidding war against Paramount and Comcast on Friday. However, on Monday, Paramount showed that it will not back down from the fight.

Recommended Stories

Trump says Netflix-Warner Bros. merger ‘could be a problem’

Trump-linked companies and family crypto ventures take a hit in second term

Trump administration announces audit of contractors benefiting from 'disadvantaged' business program

“WBD shareholders deserve an opportunity to

See Full Page