THE FUSE

We knew Paramount Skydance wanted to buy Warner Bros. Discovery. We knew that they company was pretty pissed when Warner CEO David Zaslav turned down the offer for $20 a share for the entire company. And we knew that this became a fury when Netflix and Warner agreed to a deal at $27.5 per share last week. Now Paramount has reacted, and reacted big. The company has launched a hostile takeover bid, swooping in with a $30 per share offer, which works out to over $108 billion, $25 billion more than Netflix is paying.