Paramount’s hostile takeover bid is 1 of largest
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Paramount has launched a hostile takeover bid for Warner Brothers Discovery just days after Netflix announced an $83 billion deal to purchase the studio. In a press release, Paramount calls their bid a superior deal and decided to take it straight to shareholders.
A future Congress controlled by Democrats would “review many of the decisions of the current Administration,” two House Democrats said Wednesday.
Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.
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‘That’s Authoritarianism’: Bernie Sanders Rips Trump’s Son-in-Law Backing CNN Takeover Bid
Sen. Bernie Sanders (I-VT) slammed Paramount’s hostile takeover bid for Warner Bros. in a scathing post on social media on Wednesday
Paramount Skydance’s hostile takeover bid of Warner Bros. Discovery places CNN and its sister cable networks squarely back into what is likely to be an extended period of management limbo.
Paramount Skydance's proposed nine-digit hostile takeover bid for Warner Bros. is making headlines, but the manoeuvre is one that parties turn to when the management of their target doesn't support their bid for control.