Entertainment|Paramount is willing to pay $108 billion for Warner.
Film company Paramount announced that it had made a competing bid for entertainment company Warner Bros. From Discovery.
Paramount is offering $30 for one Warner share, which means the offer is worth more than $108 billion.
Last week, the entertainment company Netflix made Warner Bros. Discovery (WBD) of an $83 billion takeover bid.
“WBD’s shareholders deserve the opportunity to consider our better cash offer for all the company’s shares”, says Paramout’s chairman of the board and CEO David Ellison in the bulletin.
Netflix’s offer consisted of cash and shares.
Paramount’s offer is for all of Warner Bros., while Netflix is only interested in film production and streaming services.
The news is updated.
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