Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash. “The Paramount offer for the entirety of WBD provides shareholders$18 billion more incash than the Netflix consideration. WBD’s Board of Directors recommendation of theNetflix transaction over Paramount’s offer is based on an illusory prospective valuation ofGlobal Networks that is unsupported by the business fund,” the company said. MORE ...