By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 8 (Reuters) - Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

NEW YORK (AP) — Warner Bros. Discovery — the home of HBO, CNN and DC Studios — has signaled that it may be open to selling all or parts of its business, just months after announcing plans to split into two companies. In an announcement Tuesday, the ...

After reports and some radio chatter, figuratively, Warner Bros. Discovery is moving ahead with the breakup of its operations into separate functioning brands. These brands will be in the same family but work autonomously with their own directors as two ...

Warner Bros. Discovery has signaled that it may be open to a sale of its business just months after announcing plans to split into two companies. In an announcement Tuesday, the entertainment giant said it had initiated a review of "strategic alternatives ...

President Donald Trump took aim at CNN as its parent company faces potential acquisition, saying "it's imperative" that the news network be sold.

Paramount launched a hostile bid for Warner Bros. Discovery this week, just days after Netflix struck a deal to acquire the legacy media company. The rival multi-billion dollar efforts to purchase streaming platform HBO Max and movie studio Warner Bros.

Former Disney dealmaker Kevin Mayer predicts "more fireworks" in the bidding war for Warner Bros. between Netflix and Paramount.