Highlights:

Paramount launches a hostile £85.7bn (₹8.57 lakh crore) cash-driven bid for Warner Bros Discovery

Move aims to block Netflix’s preferred-bidder position and disrupt its proposed takeover

Paramount says its offer includes £11.1bn (₹1.11 lakh crore) more cash and a clearer regulatory pathway

Financing support includes the Ellison family, RedBird Capital and entities tied to Jared Kushner - Advertisement -

Warner Bros Discovery board will review the proposal; no withdrawal of Netflix support so far

The takeover contest for Warner Bros Discovery intensified after Paramount issued a direct and hostile £85.7bn (₹8.57 lakh crore) offer aimed at stopping Netflix from moving ahead with its planned acquisition. The proposal, released publicly and addressed straight to Warner Bros

See Full Page