Paramount Makes Hostile Bid For Warner Bros At $30 A Share (Image: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The fight over the future of Hollywood just got nastier.

Paramount Skydance Corp. 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 .

The bid compares with Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for the entirety of Warner Bros., while Netflix is only interested in the Hollywood studios and streaming business.

“WBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company,” Paramount Chief E

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