Paramount tries to swipe Warner Bros. from Netflix with a hostile takeover
Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav Netflix won the bidding war for Warner Bros. Discovery’s (WBD’s) streaming and movie studio businesses last week. But Paramount Skydance isn’t relenting on its dreams of owning WBD and is pushing forward with a hostile takeover bid. On Friday, Netflix announced that it had agreed to pay an equity value of $72 billion, or an approximate total enterprise value of $82.7 billion, for WBD’s streaming and film businesses, as well as its film and TV libraries. The deal includes HBO and the HBO Max streaming service but not WBD’s cable channels, which are to be split off ahead of the acquisition…
