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  • 16 hours ago
Paramount Skydance launches a hostile bid worth $108 billion for Warner Bros Discovery which includes its prized HBO and DC Comics assets.

Full story: https://www.rappler.com/business/paramount-bid-acquisition-warner-bros/
Transcript
00:00Paramount Skydance launches a hostile bid worth $108 billion for Warner Bros. Discovery,
00:06which includes its prized HBO and DC Comics assets. This in a last-ditch effort to outbid
00:12Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.
00:17Netflix emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast,
00:22securing a $72 billion equity deal for Warner Bros. Discovery's TV and film studios
00:28and streaming assets. Warner Bros.'s board of directors says it would review Paramount's
00:33offer but will not be modifying its recommendation with respect to Netflix.
00:38Last month, Democratic senators warned that a consolidation of two major television operators
00:43would result in one company controlling almost everything Americans watch on TV.
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