Margo Oshry

HBO Max.

HBO, that's the real value.

I mean, that's what they're paying for.

So a lot of people made offers and they went with Netflix.

What we don't know is that Warner Brothers is a publicly traded company.

So you can't just like, you have to go with the best offer for your shareholders, people who like.

To get paid out.

It's illegal.

Yeah.

So Paramount said, hey bitch, we're paying $30 a share.

You have to take our offer.

Now they're initiating a hostile takeover.

Yeah.

So Paramount has gone straight to Warner Brothers Discovery shareholders with an all-cash offer for the company that says it's more valuable than Netflix's offer on Friday.

Paramount was widely expected to be the frontrunner for Warner Brothers, but Warner Brothers opted for Netflix, which it said offered a more lucrative deal.

The proposed marriage with Netflix caught Hollywood insiders by surprise, including the Paramount CEO, who still contends that his deal was the better offer.

The CEO, David Ellison, told CNBC, we're sitting on Wall Street where cash is king.

We are offering shareholders $17.6 billion more cash than the deal that they currently have signed up for with Netflix.

$17 billion more?

And we believe when they see what is currently on our offer, then that's what they'll vote for.