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  • 2 days ago
Paramount Skydance has initiated a hostile takeover attempt of Warner Bros. Discovery (WBD), according to CNBC.
Transcript
00:00Paramount Skydance has initiated a hostile takeover attempt of Warner Brothers' discovery, according to CNBC.
00:06The company is offering shareholders an all-cash, $30 per share bid after losing to Netflix in a months-long contest for WBD's assets.
00:16The offer is backed by equity from the Ellison family and Redbird Capital,
00:20and supported by $54 billion in debt commitments from major lenders.
00:24Paramount argues its full company bid offers faster regulatory approval and fewer antitrust concerns,
00:32compared with Netflix's $72 billion agreement to acquire WBD's studio and streaming assets.
00:38With Netflix's deal already facing skepticism from the Trump administration,
00:43both companies now face heightened antitrust scrutiny and significant breakup fees if their deals fall through.
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