Joe Flint

That's an awful lot of clout, an awful lot of reach, and an awful lot of responsibility that comes with it.

So certainly that is something that's going to keep a lot of media and tech watchdogs up late at night and lawmakers watching as well to see how the Ellisons are managing these assets, what they are using them for, and it's going to be a very interesting next few years.

Paramount increased its share price offer for Warner Discovery to $31 from $30.

It also threw in other new incentives that it hopes will make Warner choose its offer over Netflix.

Warner's now reviewing that offer, and in the near future will decide whether to go to Netflix and say they need to match.

For Netflix, this puts them in a little bit of limbo.

They have to see how the Warner board reacts, and if the Warner board feels that the Paramount offer is superior, then Netflix will have an opportunity to match that offer or increase on it.

That would be a window of about four days.

This is the latest chapter in a saga that's been going on since late last year, and we still have lengthy DOJ approvals and regulatory processes around the world before all this gets done, so we're going to be here for a while, folks.

Well, its options are to continue with its tender offer now, which doesn't expire for several more weeks.

They've got this offer on the table and they can see how many shareholders might sign up for it and try to force it.

But Warner is pushing back so strongly against it, I would think it's an uphill climb to get there.

a majority of shareholders they could come back with a higher bid if they don't make a higher bid though i'm not sure what other options they may have short of filing some sort of legal action if they really feel they have a strong enough case here

Paramount launching a hostile takeover bid for Warner Brothers Discovery just days after Netflix announced an $83 billion deal to purchase the studio.

And now it's kicked into Fifth Gear this morning.

Fifth Gear was right around 6 a.m.

my time, Los Angeles time, when Paramount officially launched their hostile takeover for Warner Brothers Discovery.

I'm sorry if there's a Paramount conference call in six minutes to talk about their hostile bid.

I need to be on that.

Yeah, that'd be great.