Paramount, in partnership with Skydance, has launched a hostile takeover bid worth $108.4 billion for Warner Bros Discovery, surpassing Netflix’s earlier $72 billion equity deal, in an aggressive move to reshape Hollywood’s competitive landscape.

Paramount’s offer is $30 per share, all in cash, reportedly representing an $18 billion premium over Netflix’s proposal and a 139% premium over Warner Bros Discovery’s undisturbed stock price.

Driving the news: The hostile bid comes after Netflix appeared to win a weeks-long bidding war against Paramount and Comcast, signaling that the future of Warner Bros Discovery and its flagship assets – HBO and DC Comics – is far from settled. • Paramount argues their deal is not only financially superior, but also offers an easier regulatory path, and c

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