'Cash Is Still King': Paramount CEO David Ellison Throws $108 Billion All-Cash Bid To WBD Shareholders
In a move that upended the media landscape, Paramount Skydance Corp. (NASDAQ:PSKY) officially launched a hostile, all-cash tender offer for Warner Bros. Discovery, Inc. (NASDAQ:WBD) on Monday. PSKY stock is climbing. See the real-time price action here. The BidThe bid, valued at 108.4 billion, bypasses the Warner Bros. board to appeal directly to shareholders, challenging the company's recent agreement to sell its studio and streaming assets to Netflix, Inc. (NASDAQ:NFLX) .Re ...