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.

1 week 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 ...

1 day ago - The media giant put itself up for sale in October after receiving "multiple" expressions of interest from potential buyers, including approaches from Paramount Skydance. On 5 December, Warner Bros Discovery said it had agreed to sell its film ...

2 weeks 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 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.

2 weeks ago - Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize — a bid that Netflix beat on Friday.

2 weeks ago - Paramount’s hostile takeover attempt is the latest in a series of increasingly strident overtures to Warner Bros. Discovery in recent weeks. Just before Netflix announced it had struck a deal, Paramount sent a letter to David Zaslav, the chief executive of Warner Bros.

2 days ago - Paramount made the details of its new offer public and gave Warner shareholders an option to tender their shares — selling them directly at a set price — in support of its bid.

2 days ago - Warner Bros Discovery is poised to tell shareholders to reject Paramount’s $108bn (£81bn) hostile bid, according to reports, clearing the way for Netflix to proceed with its buyout of the Hollywood film and TV group.

2 days ago - In a letter to shareholders on Wednesday, the Warner Bros board wrote that Paramount had "consistently misled" them by saying its $30-per-share cash offer was fully guaranteed, or "backstopped," by the Ellison family, led by billionaire and Oracle (ORCL.N), opens new tab co-founder Larry Ellison.

1 week 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 ...

2 weeks ago - It’s a bidding war. David Ellison says his Paramount is going on the offensive, launching a $108.4 billion hostile offer “backed by my family” along with RedBird Capital and multiple wealth funds to take over all of Warner Bros.

15 hours ago - WBD agreed to sell its storied movie studios, HBO cable network and streaming service to Netflix in a $82.7bn deal earlier this month, setting the stage for a seismic shift in Hollywood’s industrial landscape.

14 hours ago - The new offer of Warner Bros. Discovery for Paramount would now be $33 per share for $90 billion, while the new offer of Warner Bros. for Netflix would now be $30.75 per share for $86 billion.

3 days 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.

2 days ago - Following WBD’s announcement, Paramount affirmed that it will continue to make its case directly to shareholders for the latest $30-per-share hostile offer — indicating for now that it won’t be going any higher.