Paramount makes $108.4B move to outbid Netflix for Warner Bros Discovery
Paramount just dropped a massive $108.4 billion hostile bid to buy Warner Bros Discovery, shaking up Netflix's earlier $72 billion deal for Warner Bros Discovery's TV, film studios, and streaming assets.
Their offer covers a huge chunk of debt and even includes a $5.8 billion breakup fee for Netflix, all in hopes of building a media powerhouse that can actually take on streaming giants like Netflix and Apple.
What's next: scrutiny and some drama
This takeover isn't going unnoticed—regulators are expected to dig deep into the deal over concerns about too much market power, and even President Trump has hinted he might step in.
Paramount also thinks the sale process unfairly favors Netflix, but with major backing from Larry Ellison, they're not backing down.
However this plays out, it could seriously shake up who rules your favorite streaming services.