Paramount has been none too pleased about class=”link ” href=”https://www.engadget.com/entertainment/streaming/the-netflix-and-warner-bros-deal-might-be-great-for-shareholders-but-not-for-anyone-else-183000247.html” data-i13n=”cpos:1;pos:1″ data-ylk=”slk:Netflix striking an $82.7 billion deal;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas”>Netflix striking an $82.7 billion deal to buy much of Warner Bros. Discovery (WBD). Now, Paramount is making a hostile takeover bid for WBD. It’s making its pitch directly to WBD shareholders with an all-cash offer of $30 per share that expires on January 8.
Late last week, the WBD board class=”link ” href=”https://www.engadget.com/entertainment/netflix-to-buy-warner-bros-for-827-billion-120836295.html” data-i13n=”cpos:2;pos:1″ data-ylk=”slk:unanimously accepted Netflix’s offer;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas”>unanimously accepted Netflix’s offer of $27.75 per share. That breaks down to $23.25 per share in cash and another $4.50 per share in Netflix stock. Netflix’s overall bid is…
