Paramount Attempt to Snatch Warner Bros. from Netflix With Hostile Takeover Bid

Netflix recently outbid Paramount in negotiations to merge with Warner Bros., in a deal potentially worth $82.7 billion. Although the merger has faced opposition, notably from the Writers Guild of America, it now faces a new challenge. Paramount has made an unexpected offer to buy Warner Bros. directly, launching what’s known as a hostile takeover.

BREAKING: Paramount Counters Netflix With $108B Hostile Takeover Bid for Warner Bros. Discovery

This morning, Ellison stated he’s willing to pay significantly more than Netflix to acquire the company. He’s offering shareholders $30 per share in cash. Netflix, however, is only interested in Warner Bros. and isn’t pursuing the TV networks that will be split off as a separate entity next year. Their offer stands at $27.75 per share, a mix of cash and stock.

System Shock Remake Coming To Switch 2 And Original Switch This Month

In a recent YouTube video, Nightdive Studios revealed their initial plan to build the System Shock remake for the Switch 2 using Unreal Engine 5. However, they then considered supporting both the original Switch and the new Switch 2. They discovered Unreal Engine 4 was a viable option, leading to a major change in their development approach. Developer Thomas Curnow explained the primary reason for this switch was to ensure a more stable game.