Paramount Skydance makes $108B hostile bid for Warner Bros. Discovery after Netflix move
Paramount Skydance launched a US$108.4 billion hostile bid for Warner Bros. Discovery on Monday, blocking a deal with Netflix in a last-ditch effort to create a media powerhouse that would challenge the streaming giant’s dominance.
US President Donald Trump on Sunday emphasized the planned acquisition of Netflix
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Paramount Skydance launched a US$108.4 billion hostile bid for Warner Bros. Discovery on Monday, blocking a deal with Netflix in a last-ditch effort to create a media powerhouse that would challenge the streaming giant’s dominance.
The streaming giant emerged the winner on Friday in a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity deal for Warner Bros. Discovery’s TV, film studio and streaming assets.
The announcement comes less than a day after US President Donald Trump told reporters that a Netflix-Warner Bros. combination could raise market share concerns for regulators.
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