Summary
Paramount Skydance has made a direct offer to buy Warner Bros. Discovery by offering cash to the company's shareholders. This move comes shortly after Paramount signed a deal with Netflix.
Key Facts
- Paramount Skydance made an all-cash offer to Warner Bros. Discovery shareholders.
- The offer is described as "hostile," meaning it's made directly to shareholders without the company's agreement.
- This action follows a recent deal between Paramount and Netflix.
- Warner Bros. Discovery is involved in a bidding process due to this offer.
- In unrelated news, President Trump's former personal lawyer stepped down from his job as acting U.S. attorney in New Jersey.
- Syria is marking the anniversary of a rebel uprising that removed its dictator, Bashar al-Assad.
- Some kidnapped students in Nigeria have been released.
