Paramount Skydance on Dec 8 launched a hostile bid worth US$108.4 billion (S$140.7 billion) for Warner Bros Discovery (WBD), in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Dec 5 from»»»

The David Ellison-led studio has offered to buy the whole company at $30 per share, compared with Netflix's nearly $28 per share offer for its assets. Dec 8 (Reuters) - Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, throwing a wrench into the dea»»»

Dec 8 : Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, throwing a wrench into the deal with Netflix in a last-ditch effort to create a media powerhouse that would challenge the dominance of the streaming giant. The streaming giant had emerged vic»»»

The offer, which is worth $82.7 billion including debt and comes with a $5.8 billion break-up fee from Netflix, is likely to face strong antitrust scrutiny. Dec 8 (Reuters) - Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, throwing a wrench into t»»»