Netflix announced Friday that it has agreed to acquire Warner Bros. Discovery’s studio streaming-focused company HBO Max for $82.7 billion, including debt.

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Paramount is launching a hostile bid to acquire Warner Bros.

The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.

Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize — a bid that Netflix ...

Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and ...