By: Francesca Fontana
Paramount Skydance on Monday made a $77.9 billion hostile takeover bid for all of Warner Bros. Discovery escalating its battle against Netflix for the storied entertainment giant. Netflix on Dec. 5 agreed to buy Warner Bros. for $72 billion after Warner splits its studios and HBO Max streaming business from its cable networks. Paramount, run by David Ellison, is arguing that its all-cash offer for all of Warner is a better deal for shareholders and more likely to pass regulatory muster.


