Paramount makes a hostile bid amidst the Warner Bros. and Netflix amalgamation

After a weeks-long battle, the bid war between Paramount, Netflix, and Comcast came to an end with Netflix on top. Netflix secured a $72 billion deal for Warner Bros Discovery’s streaming and studio segments.

But now, it seems the bid war is far from over, as the Warner Bros. and Netflix merger talks are on, Paramount has struck again with a hostile offer of $108.4 bn.

This has complicated the agreement between Warner Bros and Netflix. Paramount’s several proposals, since September, have been constantly rejected. Its current offer of $30 a share exceeds Netflix’s $27.75.

Paramount is one of Hollywood’s legacy studios. It’s known for Mission Impossible, G.I. Joe, Sonic the Hedgehog, Transformers, Star Trek, A Quiet Place, Top Gun, The Godfather, Cloverfield, Teenage Mutant Ninja Turtles, and many.

Currently, Paramount has questioned WB’s sale process and called it out for rejecting a fair bid and predetermining Netflix as the winner. Industry experts have identified Paramount as the leading candidate, citing Ellison’s deep pockets.

Donald Trump has also weighed in, saying, “The Netflix-Warner Bros combo could raise market share concerns, and he would have a say on the deal.” As reported by Bloomberg, Trump prefers Warner Bros. to be sold to the highest bidder, and the Netflix acquisition will undergo scrutiny.

Trump didn’t state his support or opposition to the deal, but has stated the merger would call for governmental review on antitrust grounds.

Also, some reports are saying that Paramount’ll release over 30 movies in theaters each year, if it beats Netflix in buying Warner Bros Discovery. That’s intriguing! 😉

^{Pic Credits: Paramount}