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Paramount launches hostile takeover of WB, says offer's superior to Netflix deal

3 days ago
https://www.foxbusiness.com/media/paramount-launches-hostile-takeover-bid-warner-bros-discovery-says-offer-superior-netflix-deal
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  • #Streaming Wars
  • #Corporate Takeover
  • #Mergers & Acquisitions
  • Paramount launches a hostile all-cash takeover bid for Warner Bros. Discovery (WBD) at $30 per share, valuing the deal at $108.4 billion.
  • Paramount claims its offer is superior to Netflix's $27.75 per share cash-and-stock deal, citing better value, certainty, and regulatory ease.
  • The bid includes all of WBD, including CNN and cable assets, unlike Netflix's deal which excludes these.
  • Paramount criticizes WBD's board for favoring Netflix's 'inferior' proposal, citing regulatory risks and uncertain stock value.
  • Paramount argues its deal enhances competition, benefits consumers, and supports theatrical releases, unlike Netflix's 'monopolistic' SVOD dominance.
  • The tender offer expires on Jan. 8 unless extended, with Paramount accusing WBD of unfair negotiation practices.
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