Paramount’s Hostile Bid for Warner Bros. Aims to Block Netflix’s $83 Billion Offer

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Netflix announced last Friday its intention to acquire Warner Bros., HBO and its streaming business HBO Max, in an $82.7 billion deal. But that deal is being contested by Paramount, which announced Monday that it was launching a hostile bid to acquire Warner Bros. Discovery.

Netflix’s deal would see the streaming giant acquire the movie studio, HBO and streaming arm of Warner Bros. Discovery, following the latter company’s earlier announcement this year that it’s splitting in two. WBD is expected to…



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Paramount’s Hostile Bid for Warner Bros. Aims to Block Netflix’s $83 Billion Offer


Netflix announced last Friday its intention to acquire Warner Bros., HBO and its streaming business HBO Max, in an $82.7 billion deal. But that deal is being contested by Paramount, which announced Monday that it was launching a hostile bid to acquire Warner Bros. Discovery.

Netflix’s deal would see the streaming giant acquire the movie studio, HBO and streaming arm of Warner Bros. Discovery, following the latter company’s earlier announcement this year that it’s splitting in two. WBD is expected to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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