Paramount has shaken up the media landscape with a surprise hostile bid to acquire Warner Brothers at $30 per share, just days after Netflix appeared to win the earlier bidding race.
Paramount claims its offer delivers stronger, more reliable value for shareholders compared to what Netflix placed on the table.
The move has sparked new uncertainty and escalating pressure around the future direction of Warner Brothers, as both giants now fight aggressively for control of one of the industry’s biggest legacy studios.
