Paramount's $108B Bid for Warner Brothers

Paramount Skydances aggressive bid for Warner Brothers Discovery, valued at $108 billion, follows months of unsuccessful courtship and a last-minute text from CEO to Warner Brothers head. Paramount feels the process was unfair, as Warner Brothers representatives never engaged in detailed negotiations. The company had been eyeing Warner Brothers since 2023, intensifying efforts due to the planned split into two companies. Paramount believes Warner Brothers chose a financially inferior deal with Netflix, leading them to bypass the board and make a direct offer to shareholders.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.