Paramount Launches Hostile Warner Bros. Bid Just Days After Netflix Agreement

Paramount Skydance launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt, compared with Netflix's offer of $27.75 in cash and stock. Both bids raise significant antitrust concerns, however, underscored by multibillion-dollar breakup fees the parties have offered, and both companies have been laying the groundwork to win over the White Hou ...