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