Paramount, said: "WBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company. Our public offer, which is on the same terms we provided to the Warner Bros. Discovery Board of Directors in private, provides superior value, and a more certain and quicker path to completion.

5 days ago - Dec 8 (Reuters) - Paramount Skydance (PSKY.O), opens new tab on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery (WBD.O), opens new tab, in a last-ditch effort to outbid Netflix and create a media powerhouse that ...

4 hours ago - Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said.

3 days ago - Disaster, catastrophe and nightmare. That's how Hollywood's creative workers describe the fall of the once mighty Warner Bros, as Netflix and Paramount battle to buy the historic studio and tinsel town braces for more upheaval and job losses.

1 week ago - On Friday, Netflix announced a deal to acquire WBD's studio and streaming assets for a combination of cash and stock, valued at $27.75 per WBD share, or $72 billion. Paramount had been bidding for the entirety of Warner Bros.

5 hours ago - The newsThe Warner Bros. board is expected to announce that it plans to reject Paramount's $30-a-share all-cash offer for the company.

4 hours ago - Jared Kushner's firm Affinity Partners has dropped out of Paramount Skydance's hostile takeover bid for Warner Bros.

3 hours ago - Paramount’s bid is set to expire on Jan. 8, The Wall Street Journal noted, with the company expected to make a decision on whether to sweeten its offer to Warner Bros.

5 days ago - So far, Warner Bros has spurned its proposals. Then it announced a deal to sell the most valuable parts of its business - its studio and streaming divisions - to Netflix instead. Undeterred, Paramount chief executive David Ellison launched a ...

3 hours ago - Dec 16 (Reuters) - Warner Bros Discovery's (WBD.O), opens new tab board could announce a decision as early as Wednesday on Paramount Skydance's (PSKY.O), opens new tab $108.4 billion takeover bid, with the board likely to advise shareholders ...

4 hours ago - Paramount said in an SEC filing last week that the three Arab wealth funds and Kushner’s Affinity “agreed to forgo any governance rights — including board representation — associated with their non-voting equity investments.” Now, Affinity is no longer part of the bid. In addition, Chinese internet company Tencent, which had previously committed $1 billion to the Paramount Skydance bid, is no longer a financing partner because of the WBD board’s concerns over foreign ownership. Warner Bros.

4 hours ago - Paramount's offer values WBD at $108.4 billion at $30 per share. The move has widely been viewed as a hostile takeover and WBD said it would take several weeks to review it, while also evaluating its previous agreement with Netflix.

1 week ago - Paramount on Monday mounted a hostile takeover bid for Warner Bros. Discovery, a brazen attempt to secure a Hollywood prize snatched away by Netflix last week. Netflix announced an $83 billion deal to buy a big part of Warner Bros.

4 days ago - The top question right now: Is Netflix still buying Warner Bros.? Paramount’s $108 billion hostile takeover bid for Warner Bros.