Netflix’s $82.7 billion Warner Bros. takeover
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Paramount Skydance, the parent company of CBS News, has launched a hostile takeover offer to acquire all of Warner Bros. Discovery, days after it was announced Netflix agreed to buy a part of Warner Bros.
Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash. “The Paramount offer for the entirety of WBD provides shareholders $18 billion more incash than the Netflix consideration.
A future Congress controlled by Democrats would “review many of the decisions of the current Administration,” two House Democrats said Wednesday.
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‘That’s Authoritarianism’: Bernie Sanders Rips Trump’s Son-in-Law Backing CNN Takeover Bid
Sen. Bernie Sanders (I-VT) slammed Paramount’s hostile takeover bid for Warner Bros. in a scathing post on social media on Wednesday
Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.
Paramount Skydance’s hostile takeover bid of Warner Bros. Discovery places CNN and its sister cable networks squarely back into what is likely to be an extended period of management limbo.