Paramount's $108.4B hostile bid for WBD challenges Netflix

• Paramount Skydance launched a hostile $108.4 billion bid for Warner Bros. Discovery, challenging Netflix's recent deal.
• Paramount offered $30 per share for WBD, surpassing Netflix's nearly $28 per share offer for WBD's assets.
• Netflix had previously secured a $72 billion equity deal covering WBD's TV, film studios, and streaming assets.
• Paramount is taking its $30/share cash offer directly to WBD shareholders, urging them to reject Netflix's proposal.
• The bid, valued at $82.7 billion including debt, is expected to face significant antitrust scrutiny.

Why It Matters: This battle for Warner Bros Discovery will reshape the streaming landscape.