Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix

NEW YORK (AP) — Paramount has launched a hostile takeover bid for Warner Bros. Discovery. The effort announced Monday initiates a potentially bruising battle with Netflix for the company behind HBO, CNN and DC Studios, and the right to reshape much of the nation’s entertainment landscape. Emerging just days after Netflix reached a $72 billion deal to acquire Warner Bros., the takeover attempt means Paramount will go straight to Warner shareholders with a bid worth about $74.4 billion, or $30 per share in cash. Unlike Netflix, Paramount is also offering to buy the cable television assets of Warner Bros.

IBM buys data streaming platform Confluent in $11 billion deal

IBM has announced it's acquiring

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