Why Paramount's bid for Warner Bros. Discovery is 'hostile'

Mergers and Acquisitions - Paramount launches a hostile bid for Warner Brothers Discovery after they lost out to Netflix [1] - Paramount Sky Dance is bypassing the board and going directly to the shareholders, offering $30 per share [2][3] - Warner Brothers Discovery will carefully review Paramount's offer and respond to shareholders within 10 days [6] Business Focus - Paramount Sky Dance wants to acquire Warner Brothers Films, HBO, HBO Max, TNT, and CNN [3] - Netflix was interested in acquiring the film studio and the streamer HBO [4] Funding and Investment - Paramount is receiving funds from Middle Eastern countries, including Saudi Arabia, Qatar, and the United Arab Emirates [3] Regulatory Oversight - The approval process will be overseen, potentially involving considerations of market share [5]