Paramount Skydance bids $108B for Warner Bros.

(The Center Square) – Paramount Skydance has made a hostile bid to buy Warner Bros. Discovery. The bid is for $77.9 billion in equity value and has an enterprise value of $108.4 billion. Paramount's offer is the latest battle in a bidding war that appeared to end Friday when Netflix and Warner Bros. Discovery announced Netflix was buying Warner Bros., the iconic movie and TV studio in Burbank near Los Angeles. The Netflix deal, which included Warner Bros.’ assets such as HBO, HBO Max, DC Comics and DC Studios, had an equity value of $72 billion and a total enterprise value of $82.7 billion. It involved Warner Bros. Discovery spinning off Discovery Global networks, including CNN, HGTV, Food Network and TNT, into a separate, publicly traded company. Stockholders would receive nearly $28 in cash and stock per Warner Bros. Discovery share under the Netflix purchase. Unlike Netflix, Paramount, which merged with Skydance in an $8 billion merger in August, is offering to purchase all of Warne