Netflix, Paramount and hostile bid
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Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery.
Among the more notable flameouts was the hostile takeover of TWA by Icahn in 1986. The contest began with Icahn’s quest to drive up the price of the TWA stock he was holding, but he surprised the market by actually trying to run the airline.
Paramount has gone hostile bid for Warner Bros. Discovery, challenging Netflix which reached a $72 billion takeover deal with the company days ago. Paramount said Monday it's going straight to Warner Bros.
Paramount's bid to acquire Warner Bros. over Netflix has turned hostile as the company aims to acquire a higher stake in television.
A future Congress controlled by Democrats would “review many of the decisions of the current Administration,” two House Democrats said Wednesday.
Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.
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‘That’s Authoritarianism’: Bernie Sanders Rips Trump’s Son-in-Law Backing CNN Takeover Bid
Sen. Bernie Sanders (I-VT) slammed Paramount’s hostile takeover bid for Warner Bros. in a scathing post on social media on Wednesday
Paramount Skydance’s hostile takeover bid of Warner Bros. Discovery places CNN and its sister cable networks squarely back into what is likely to be an extended period of management limbo.