Paramount takes the lead in bidding war for Warner Bros with $108 billion offer
Paramount has officially made a $108 billion bid to acquire Warner Bros, exceeding Netflix’s offer by $26 billion, Reuters reports. The fate of the deal now rests on a vote by the shareholders who will decide the outcome.
Source Reuters
If the Warner Bros shareholders back Paramount, Netflix will lose its chance to acquire the studio. The merger process has also drawn attention from former U.S. President Donald Trump, adding a layer of political scrutiny.
What follows depends on the shareholders' vote and any counteroffers, but for now, Paramount holds a strong advantage in the competition for control of the studio.
