Paramount has launched a takeover bid for Warner Bros on Monday, pitching to grab a larger slice of the pie with the $108.4 billion deal. (Image Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Paramount Skydance Corp.'s takeover bid of Warner Bros., worth $108.4 billion, is seen as a hostile attempt aimed to overtake Netflix’s $82.7 billion offer, which was announced last week.

According to reports, Paramount is set to take its offer directly to shareholder, while Warner Bros.’ board has accepted Netflix’s bid.

As reported by Bloomberg , Paramount is offering $30 dollars a share compared to the $27.75 price point that Netflix has put on the table. Paramount's bid is also closer to the $30 a share that the Warner Bros. chair emeritus, John Malone, had

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