Paramount's New Bid for Warner Brothers

Paramount Skydance makes a new bid to acquire Warner Brothers Discovery, offering $30 per share, totaling $108.4 billion, aiming to surpass Netflixs recent agreement. Netflix had previously agreed to buy Warner Brothers studios and streaming division for $72 billion, but the deal is still pending federal antitrust review. Paramounts latest offer follows previous unsuccessful bids, as they attempt to outmaneuver Netflix in the ongoing bidding war for the historic Hollywood entity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.