Paramount launches hostile takeover bid for Warner Bros

Group 1 - Paramount has launched a £108.4 billion hostile bid for Warner Bros, directly challenging Netflix's recent $72 billion takeover deal [1] - The offer from Paramount is $30 per share in cash for the entirety of Warner Bros, including its Global Networks segment, urging shareholders to reject Netflix's deal [1] - Netflix's deal to acquire Warner Bros. Discovery is valued at $27.75 per share, totaling an enterprise value of $82.7 billion, which includes debt [1]