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Paramount Submits Hostile Bid for WBD After Trump Says Netflix Deal Could Be a ‘Problem’
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The Warner Bros. acquisition drama is far from over. After Netflix announced that it would acquire the studio for $82.7 billion on Friday, Paramount-Skydance has submitted its own hostile bid.
President Trump, meanwhile, suggested this weekend that the resulting “very big market share…could be a problem” for Netflix.
This morning, Paramount offered Warner Bros. Discovery (WBD) shareholders $30 per share, bringing the total deal value to $108.4 billion. However, Netflix’s offer…
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