Paramount makes hostile $74.4B bid for Warner Bros., outbidding Netflix

• Paramount launched a hostile takeover bid for Warner Bros. Discovery, challenging Netflix's $72 billion offer.
• Paramount's bid is valued at $74.4 billion ($30 per share) and includes Warner Bros.' cable television assets.
• Paramount criticized Netflix's offer for regulatory complexities and an "illusory prospective valuation" of cable assets.
• Former President Trump expressed concerns about the Netflix deal's market share and indicated his involvement in its approval.
• Paramount CEO David Ellison stated their offer would create a stronger Hollywood, benefiting the creative community and consumers.

Why It Matters: Paramount's hostile bid for Warner Bros. Discovery could reshape the entertainment industry.