Paramount Launches Hostile Warner Bros. Bid
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Trump rips new Paramount leadership after "60 Minutes" airs Marjorie Taylor Greene interview
The president referred to Greene as a "low IQ traitor" and demands a "complete and total APOLOGY" from Paramount.
Trump & Netflix are in sync, says CEO Ted Sarandos even as Paramount launches a new $108B bid for Warner Bros Discovery
That morning, Paramount Skydance announced it had submitted a bid to acquire fellow entertainment company Warner Bros Discovery. The all-cash offer boils down to $30 per Warner Bros discovery share, and it targets the entirety of the company rather than a large chunk of it.
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Paramount Sees Massive Cost Synergies In A WBD Merger Even After Years Of Cuts At Both Companies
Paramount is targeting up to $6 billion in cost savings if it acquires Warner Bros Discovery by eliminating "duplicative operations across all aspects of the business," said chief strategy and chief operating officer Andy Gordon.