Paramount Launches Surprise Bid to Take Over Warner Bros. Discovery
Paramount Global stunned the entertainment industry today. The company officially launched a hostile takeover bid for Warner Bros. Discovery (WBD). Shareholders received direct offers to sell their shares at a significant premium. Why Hostile? Normally companies negotiate friendly mergers first. However.Paramount skipped that step. Executives believe WBD’s board has rejected fair discussions for months. Therefore,…