Paramount launches hostile $78-billion bid for Warner Bros., with backing from Trump's son-in-law

Warner Bros. Discovery said Monday that its board would "carefully review and consider Paramount Skydance's offer in accordance with the terms of Warner Bros. Discovery's agreement with Netflix."Historically, hostile takeover bids are difficult to pull off, but there have been some notable exceptions, including Elon Musk's $44-billion acquisition of the company formerly known as Twitter in 2022. Two decades ago, Comcast failed in a hostile takeover bid for Walt Disney Co.Despite the decision by Netflix and ...