Paramount took its battle for Warner Bros. Discovery directly to shareholders Monday, launching a $30-per-share all-cash tender offer for the entertainment giant just days after Warner agreed to a deal with Netflix.

The hostile bid values Warner at an enterprise value of $108.4 billion and represents a 139 percent premium to the company’s September 10 stock price of $12.54, before deal speculation began. Paramount argues its offer provides shareholders $18 billion more in cash than Netflix’s proposal.

Breitbart Business Digest mentioned Friday that Paramount was considering a hostile bid.

The move sets up a potential battle for control of Warner’s valuable assets, including HBO, CNN, and franchises like Harry Potter and DC Comics. Shareholders have until January 8 to decide whether to

See Full Page