Anheuser-Busch InBev hostile takeover bid of SABMiller in 2016 was one of the largest to succeed over the past 20 years. Daniel Acker/Bloomberg/Getty Images

Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery.

On one side of the rope: the suitor WBD’s board signed off on, Netflix, which announced a $72 billion deal last week. On the other side, the suitor the board turned down, Paramount, which is resorting to a tactic known as a hostile takeover.

A hostile takeover occurs when a company attempts to acquire another by going around the takeover target’s management and making an appeal directly to shareholders.

While friendly, mutually agreed upon acquisitions between two companies tend to have a higher success rate, hostile takeover bids, though riskier and

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