Paramount launches hostile takeover bid for Warner Bros
Paramount today launched a hostile takeover bid for Warner Bros. Discovery, hoping to buy it directly from stockholders after it lost a months-long bidding war with Netflix that ended with an announced $74.4bn sale. Paramount’s new offer is $30 a share, amounting to $108bn in cash, for the entire portfolio of WBD companies. The N…
Keep reading with a 7-day free trial
Subscribe to Boing Boing to keep reading this post and get 7 days of free access to the full post archives.