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Paramount's all-cash tender offer sets up a potentially monthslong battle between it and Netflix to influence WBD shareholders about which bid is best.
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Jared Kushner and Middle East funds assist with all-cash offer
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Paramount Makes $77.9 Billion Hostile Bid for Warner After Netflix Struck Deal The Wall Street JournalParamount Skydance launches hostile bid for WBD after Netflix deal CNBCParamount Unveils Jared Kushner, Middle East Sovereign Funds As Backers Of WBD Bid DeadlineEllison's Paramount makes $108B cash offer for Warner Bros. Discovery, escalating buyout fight with Netflix Yahoo Finance
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The company is bypassing Warner Bros. Discovery's board and going straight to shareholders with a higher, all-cash offer.
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Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn't plan to buy WBD's TV networks.
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Comcast made multiple offers for Warner Bros. Discovery's streaming and studio assets before Netflix was deemed the winning bidder.
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