Paramount vs Netflix for Warner Bros.
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1don MSN
Insider: Paramount Skydance to hold firm at $30-a-share offer to Warner Bros. Discovery shareholders
Paramount Skydance is holding firm at its $30-per-share offer to shareholders to buy Warner Bros. Discovery and believes a majority will tender their shares despite the pressure to increase its bid for the legacy Hollywood studio,
CNN staffers tell Fox News Digital the mood in the newsroom is "grim" over the prospects of Paramount owner David Ellison buying its parent company Warner Bros. Discovery.
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
23hon MSN
Paramount says China’s Tencent withdrew from its Warner Bros bid to avert national security issues
BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.
David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.