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 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,

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.

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.

After if it who will be Netflix or Paramount ending up owning Warner Bros, the next question is what role, if any, wil David Zaslav have onve everything is approved

A video spreading across platforms purports to show the Netflix logo painted over the historic water tower at Warner Bros. Studios as the streaming powerhouse seeks to buy the global media giant's film and television studios and streaming services amid a bidding war with Paramount.