Paramount counters Netflix with $108.4 billion hostile bid for Warner Bros Discovery

Paramount Skydance has made a $108.4 billion bid for Warner Bros. Discovery, offering $30 per share, higher than Netflix's $28 per share offer. Paramount's bid faces significant antitrust scrutiny and criticism from Warner Bros. for allegedly abandoning a fair bidding process. Paramount is urging Warner Bros. shareholders to reject Netflix's deal, promising enhanced competition and benefits for the creative community.