Paramount challenges Netflix with $108-bn hostile bid for Warner Bros

Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

- Associated Press

Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a deal for Warner Bros Discovery's TV, film studios and streaming assets, at a total enterprise value