Paramount launched a hostile, all-cash bid against Netflix to acquire Warner Bros. Discovery for $30 per share.

The Skydance company’s competitive bid comes just days after Netflix announced that it entered a “definitive agreement” with Warner Bros. to purchase it and its HBO Max and HBO studios for $27.75 per share. Netflix won the streaming services bidding war against Paramount and Comcast on Friday. However, on Monday, Paramount showed that it will not back down from the fight.

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