Cravath Swaine & Moore and Latham & Watkins are advising Paramount as the media conglomerate launches a $108.4bn hostile bid to acquire Warner Bros.
The bid sees Paramount offer $30 per share in cash to acquire all of the outstanding shares of Warner Bros Discovery (WBD), and calls on WBD shareholders to reject the $83bn takeover deal that WBD agreed with Netflix last week.
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