Paramount Skydance pushes hostile bid for Warner Bros. after losing to Netflix: "We’re here to finish what we started"

Paramount Skydance, led by CEO David Ellison, launches a hostile bid to acquire Warner Bros. Discovery after losing out to Netflix in the bidding war for the company’s studio and streaming divisions. The offer, announced Monday, goes straight to WBD shareholders at $30 per share in cash , the same bid WBD rejected last week, according to people familiar with the talks.

Source: [https://www.indiaweekly.biz/paramount-skydance-hostile-bid-wbd-after-netflix-loss/](https://www.indiaweekly.biz/paramount-skydance-hostile-bid-wbd-after-netflix-loss/)