Paramount Launches Hostile Takeover Attempt For Warner Bros. With All-Cash $108.4 Billion Offer

Paramount announced an all-cash offer to acquire all of Warner Bros Discovery for $30/share or $108.4 billion.

In a press release the company announced that it would be offering $30 per share to Warner Bros. Discovery shareholders or an “enterprise value of $108.4 billion, which represents a 139% premium to the undisturbed WBD stock price of $12.54 as of…