What to know about Paramount's hostile bid for Warner Bros. Discovery
NEW YORK (AP) — Warner Bros. Discovery's friendly agreement to sell itself to Netflix just got upended by a hostile actor -- Paramount, which made Warner shareholders a higher offer and touched off what is likely to be a lengthy fight in the latest episode of media industry consolidation. The bid comes after Warner last week agreed to be bought by Netflix for $72 billion. The competing offers set the stage for combining some of the most beloved entertainment properties. Netflix’s vast library includes “S ...