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Warner Bros. is in the middle of a bidding war between Paramount and Netflix.
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Paramount went hostile with its bid last week, asking shareholders to reject the deal with Netflix favored by the board of Warner Bros.
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Paramount is making a hostile bid for Warner Bros. Discovery just days after Netflix reached a $72 billion deal with the company.
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The cash and stock deal is valued at $27.75 per Warner share, giving it a total enterprise value of approximately $82.7 billion.
"Star Wars: The Force Awakens" stayed on top of the North American box office for the fourth straight weekend, beating out Leonardo DiCaprio in "The Revenant," and becoming the third-largest grossing movie in the world ever.
"Star Wars: The Force Awakens" has reached $1 billion at the box office, achieving the milestone with record-setting hyper speed.