Streaming giant Netflix appeared to win the bidding war for Warner Bros. Discovery last week, when the two firms announced their merger. Within days, however, Paramount announced its hostile bid, meaning Paramount plans to appeal to Warner Bros. Discover shareholders in an effort to overcome the wishes of management.

Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck.

Warner Bros announced today that it will not accept Paramount and Skydance’s $108 billion proposal. The board voted to keep the merger agreement it signed las

Paramount has made a staggering $108.4B all-cash offer to acquire Warner Bros Discovery, in a challenge to the existing bid by Netflix.

David Zaslav, president and CEO of Warner Bros. Discovery, would be out of a job if a deal is completed with Netflix or Paramount Skydance. Softening the blow: Zaslav stands to get hundreds of millions of dollars in cash and/or stock if WBD completes a sale to either company,

In September, various outlets reported that Paramount was weighing a takeover of Warner Bros. Discovery; in October, Warner Bros. Discovery reportedly rejected several bids from Ellison’s company. Then Netflix swooped in and won the bidding war.

Trump demands CNN be sold as part of any Warner Bros. Discovery takeover, inserting himself into the Netflix/Paramount battle.

Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.

After winning the award for best game adaptation for HBO series The Last of Us, Druckmann took to the stage to make his speech. In the clip, now posted on Twitter, the Naughty Dog Studio Head thanked the relevant studios before adding, "Do we need to thank Netflix or Paramount, or whoever our streaming overlord is now?"