Paramount counters Netflix with hostile bid for Warner Bros

Paramount on Monday launched an all-cash tender offer to acquire Warner Bros. Discovery, the Hollywood giant that also owns CNN, in a challenge to Netflix's own highly contested deal. The hostile offer sets up a furious battle between Paramount — whose owner, Larry Ellison, is an ally of Donald Trump — and streaming behemoth Netflix to buy one of Hollywood's

Netflix to acquire Warner Bros. studio and streaming business for $72 billion

Netflix struck a deal Friday to buy Warner Bros. Discovery, the Hollywood giant behind "Harry Potter" and HBO Max, in a $72 billion deal that would bring together two of the biggest players in television and film and potentially reshape the entertainment industry. If approved by regulators, the merger would put two of the world's biggest streaming

Galleries and videos