In a last-ditch effort to acquire the Warner Bros. entertainment empire, Paramount Skydance has launched a hostile bid to purchase the company’s legacy assets.
Last week, streaming juggernaut Netflix outlasted competitors in a months-long battle to buy Warner Bros., beating out Paramount and Comcast.
Netflix secured a $72 billion equity deal covering its television, film studios, and streaming assets.
But Paramount is taking its case to Warner Bros. shareholders, stating that it has an offer that “will create a stronger Hollywood.”
Paramount has put forward an all-cash $30‑per‑share bid, matching the offer Warner Bros. rejected last week and valuing the company at $108.4 billion. The offer and withdrawal rights will be open until Jan. 8, 2026, according to a filing with the Securities and Exchange Commission….