It says the deal offers superior shareholder value and would close more quickly.

BY AVA LEVINSON, NEWS WRITER

(Getty Images)

Paramount just announced a $77.9 billion hostile takeover bid for Warner Bros. Discovery. The tender offer comes days after Netflix launched its $72 billion agreement to acquire the company. 

The media giant says its offer of $30 per share “provides shareholders $18 billion more in cash than the Netflix........

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