Paramount Launches Hostile Takeover Bid For Warner Bros. Discovery

Group 1 - Paramount has initiated an all-cash tender offer to acquire Warner Bros. Discovery at $30.00 per share [1] - The offer represents an additional $18 billion in cash compared to the consideration from Netflix [1] - Paramount criticizes WBD's Board of Directors for favoring the Netflix transaction, claiming it is based on an unsupported valuation of Global Networks [1]