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Euronews
Euronews
Eleanor Butler with AP

Paramount goes hostile in bid for Warner Bros, challenging Netflix

Netflix Paramount Warner Warner Bros WBD Warner Bros Discovery Donald Trump United States

Paramount is making a hostile bid for Warner Bros Discovery (WBD), launching a fresh challenge against Netflix after the rival streamer announced a takeover deal with Warner last week.

Paramount said on Monday that it would go straight to WBD shareholders with a $30 per share cash offer (€25.75). That's compared to Netflix's offer of $27.75 in cash and stock, bringing the deal's value to $82.7bn (€70.99bn).

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