What to know about bidding war between Netflix and Paramount for Warner Bros.

Core Viewpoint - Warner Bros. believes that Netflix's $72 billion buyout offer is superior and urges shareholders to reject the hostile takeover bid from Paramount Skydance [1] Group 1: Offers and Valuations - Paramount's offer is $30 per Warner share, valuing the company at approximately $77.9 billion, compared to Netflix's offer of $27.75 per share [1][5] - Paramount claims its offer is worth about $79.9 billion, which is $18 billion more in cash than Netflix's bid [6] - Netflix's offer includes a combination of cash and stock, valuing Warner at $72 billion, excluding debt, but does not include Warner-owned networks like CNN and Discovery [7] Group 2: Industry Impact - A merger involving Warner Bros. would significantly alter the Hollywood landscape and is expected to face intense scrutiny from U.S. regulators [2] - The competing offers highlight the potential for combining major entertainment properties, with Netflix owning popular titles like "Stranger Things" and "Squid Game," while Paramount owns CBS and MTV [3] - The outcome of these bids will influence the dynamics of the streaming wars and the broader entertainment industry [4]