Paramount sweetens £80bn Warner Bros. bid
Digest more
Paramount’s latest attempt to swipe the 100-year-old studio away from Netflix appears likely to end the same way as all the others.
Paramount Skydance has intensified its effort to acquire Warner Bros. Discovery (WBD) by revising its hostile takeover bid and adding new financial incentives designed to appeal directly to shareholders.
Activist investor Ancora Holdings opposes Netflix's acquisition of Warner Bros Discovery, supporting Paramount's higher-value bid amid regulatory concerns.