Hostile-takeover

Warner Bros. Discovery and Paramount Skydance have agreed to a $110 billion merger that would fold WBD's assets into Paramount, following earlier bids including a Netflix deal.

Netflix bids $83B for Warner Bros. Discovery while Paramount Skydance pursues a $108B hostile bid, signaling a high-stakes regulatory showdown in Hollywood.

Paramount sues WBD to obtain details of its Netflix deal and plans to nominate directors to block the transaction, amid rival bid chatter (~$108.4B) while Netflix deal values (HBO/HBO Max) around $82.7B.