Paramount has put forward a tender offer to acquire Warner Bros. Discovery

Paramount Skydance has put forward a tender offer to acquire Warner Bros. Discovery for $108.4 billion This was reported on December 8 by the Reuters news agency with reference to a press release.

"Paramount, a division of Skydance Corporation <...>, today announced a tender offer to acquire all outstanding shares of Warner Bros. Discovery for cash at a price of $30 per share. The proposed deal covers the entire WBD, including the Global Networks segment," the press release said.

The agency reports that Paramount believes that their new offer to buy Warner Bros. Discovery, at $30 per share, is more profitable than Netflix's offer. According to their estimates, it will bring shareholders an additional $18 billion and simplify obtaining regulatory approval.

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Netflix announced on December 5 that it will acquire the Warner Bros. film studio. Discovery for $82.7 billion According to the streaming service, this deal will be able to combine two leading entertainment businesses. It was noted that many of the studio's franchises, including "The Big Bang Theory", "Game of Thrones" and others, will be included in the Netflix portfolio.

Later, on December 7, the Financial Times newspaper reported that Hollywood is preparing for possible budget cuts and job cuts after Netflix acquires the Warner Bros. film studio. It was noted that film agents, producers and other cinema figures are concerned that the deal between Netflix and Warner will lead to a reduction in the number of buyers of TV series and films, and therefore to a decrease in work in the field of cinema, the material says.

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