Paramount, Warner Bros. and hostile bid
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As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
NEW YORK (AP) — Warner Bros. Discovery’s friendly agreement to sell itself to Netflix just got upended by a hostile actor -- Paramount, which made Warner shareholders a higher offer and touched off what is likely to be a lengthy fight in the latest episode of media industry consolidation.
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Donald Trump Bombs Santa, Slams Warner Bros. Sale and Celebrates Epstein Condoms in ‘SNL’ Cold Open
Saturday Night Live” opened this week’s episode with Donald Trump commenting on the battle to buy Warner Bros. Discovery — by asking why anyone would even want to buy the studio: “They’ve got one of the worst studio lot tours in LA,
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Mike Schur explains why any Warner Bros. Discovery merger is 'bad for everyone,' including consumers | Video
Mike Schur, the longtime TV writer known for laying the pen down on iconic shows like "The Office" and "Parks and Recreation," shunned the idea of any form of a multi-studio merger with Warner Bros. Discovery since the industry and its consumers will suffer.
Paramount's David Ellison said that if Warner Bros. Discovery's board took his current offer, it would be "admitting breach of fiduciary duty."