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.
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
Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck.
