Paramount Refuses to Raise Bid Amid Hostile Takeover for Warner Bros. Discovery

Paramount Skydance has launched a direct tender offer to shareholders after refusing to increase its $30 per share all-cash bid for Warner Bros. Discovery.David Ellison maintains the $108 billion proposal is superior to a pending Netflix merger, which the board continues to endorse despite a recent dip in Netflix stock value.The battle involves a $40 billion guarantee from Larry Ellison and concerns over the valuation of cable assets like CNN, with the White House and Donald Trump reportedly favoring the Paramount deal.