Paramount launches hostile takeover for Warner Bros in bid to scupper Netflix deal

New twist in battle for Warner Bros Discovery

Paramount Skydance launched a hostile takeover bid for Warner Bros Discovery at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix.

The fight over the future of Hollywood just got nastier.

Paramount Skydance launched a hostile takeover bid for Warner Bros Discovery at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc.