Paramount Launches Hostile Warner Bros. Bid Just Days After Netflix Agreement

Paramount Skydance launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt, compared with Netflix’s offer of $27.75 in cash and stock. Both bids raise significant antitrust concerns, however, underscored by multibillion-dollar breakup fees the parties have offered, and both companies have been laying the groundwork to win over the White House. Both bidders are also likely to face an extended review by regulators all over the globe. Bloomberg’s Felix Gilette and Geetha Ranganathan joined Matt Miller and Carol Massar on ‘Bloomberg Businessweek Daily’ to break it down. (Source: Bloomberg)