Paramount Skydance Makes $108.4 Billion Offer for Warner Bros. Discovery

Paramount Skydance has launched a hostile bid of $108.4 billion for Warner Bros. Discovery, countering Netflix’s earlier $72 billion acquisition plan. Their offer includes an all-cash tender of $30 per share, aiming to acquire Warner’s entire television operations, unlike Netflix, which targets just its film and HBO assets. Backed by Larry Ellison and RedBird Capital, Paramount argues their proposal offers superior value and a quicker completion path for shareholders. As political scrutiny grows, shareholders face a significant decision between the two competing bids.

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