Paramount launched a hostile takeover offer to Warner Bros. Exploration this Monday, directly proposing a takeover plan to its shareholders. Just a few days ago, Warner Bros. and Netflix finalized a cooperation agreement. Paramount is headed by David Ellison, and the company proposed an all-cash plan of $30 per share to buy all of Warner's shares. Warner owns many TV networks such as CNN, Turner Broadcasting, Home & Garden TV, and the HBOmax streaming service platform. According to Paramount, this acquisition plan is more beneficial to shareholders and easier to pass regulatory approval. Paramount said that compared to the transaction consideration offered by Netflix, the offer could bring shareholders an additional 18 billion US dollars in cash benefits. In a statement, Ellison said, “This acquisition can provide better value, and the path to completion of the transaction is more clear and the process is faster.” According to the terms of the deal officially announced by Warner and Netflix on Friday, Warner will split the business. Afterwards, Netflix will spend 72 billion US dollars to acquire Warner's film and television production business and HBOmax streaming business in the form of cash plus shares.

Paramount launched a hostile takeover offer to Warner Bros. Exploration this Monday, directly proposing a takeover plan to its shareholders. Just a few days ago, Warner Bros. and Netflix finalized a cooperation agreement. Paramount is headed by David Ellison, and the company proposed an all-cash plan of $30 per share to buy all of Warner's shares. Warner owns many TV networks such as CNN, Turner Broadcasting, Home & Garden TV, and the HBOmax streaming service platform. According to Paramount, this acquisition plan is more beneficial to shareholders and easier to pass regulatory approval. Paramount said that compared to the transaction consideration offered by Netflix, the offer could bring shareholders an additional 18 billion US dollars in cash benefits. In a statement, Ellison said, “This acquisition can provide better value, and the path to completion of the transaction is more clear and the process is faster.” According to the terms of the deal officially announced by Warner and Netflix on Friday, Warner will split the business. Afterwards, Netflix will spend 72 billion US dollars to acquire Warner's film and television production business and HBOmax streaming business in the form of cash plus shares.