Earlier today (December 8), Paramount Skydance's hostile takeover bid rocked the entire industry following streaming giant Netflix's bid last week for Warner Bros. Discovery . Two industry giants are battling it out to acquire another giant, but Warner Bros. still hasn't decided.

The Warner Bros. Discovery board has officially announced it will review Paramount's proposal and issue its decision within 10 business days . Paramount's hostile bid to acquire all of WBD's remaining stock was valued at $30 per share, which would have an enterprise value of $108.4 billion.

Netflix and Warner Bros logos side by side

Netflix's deal with WBD to buy Warner Bros.'s studio operations, HBO, and HBO Max for an enterprise value of $82.7 billion was announced last week, but Paramount hasn't rema

See Full Page