Updated: 28h| Published: Monday
Paramount Global, led by David Ellison, has launched a hostile all-cash takeover bid of about $108 billion for Warner Bros. Discovery, directly challenging a previous Netflix offer.This aggressive move by Paramount, appealing directly to shareholders, follows Netflix's reported win in an auction last week, while Donald Trump has raised antitrust concerns about market consolidation.The fierce competition for Warner Bros. Discovery has intensified worries within Hollywood regarding the future of cinematic releases and overall competition in the streaming and film industries.
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Paramount Global, led by David Ellison, has launched a hostile all-cash takeover bid of about $108 billion for Warner Bros. Discovery, directly challenging a previous Netflix offer. This aggressive move by Paramount,...

Mon/28h