Paramount, hostile bid
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Paramount-Warner fight shows the hostile takeover is back. So are the egos of the combatants
Among the more notable flameouts was the hostile takeover of TWA by Icahn in 1986. The contest began with Icahn’s quest to drive up the price of the TWA stock he was holding, but he surprised the market by actually trying to run the airline.
Paramount's bid to acquire Warner Bros. over Netflix has turned hostile as the company aims to acquire a higher stake in television.
A future Congress controlled by Democrats would “review many of the decisions of the current Administration,” two House Democrats said Wednesday.
“The Late Show” audience erupted in cheers on Tuesday — and even chanted Stephen Colbert ’s name — after the host delivered a pointed line about Paramount Skydance’s hostile takeover bid for Warner Bros. Discovery. Paramount launched its $108 billion offer this week, days after Warner announced plans to sell to Netflix in an $82.7 billion deal.