Paramount has launched its own bid to take over Warner Bros. Discovery, and kill a proposed buyout from Netflix, with an all-cash offer worth an estimated $108.4 billion. Unlike Netflix’s $82.7 billion plan to acquire Warner Bros., Paramount wants all of WBD, including its global networks division, which includes channels like CNN, TBS, and TNT.
Paramount tries to kill Netflix Warner Bros. deal
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This is an intriguing development in the streaming industry! It’s interesting to see how competitive the landscape has become, with major players like Paramount making bold moves. It’ll be fascinating to watch how this unfolds.