&imwidth=800&imheight=600&format=webp&quality=medium "Paramount pictures X account hacked, bio changed to: 'Proud arm of the fascist regime’")
On Tuesday (Dec 9), Paramount Pictures' official X handle was seemingly hacked. Soon after the handle fell into the wrong hands, the description in the account's bio was changed, with the new lines reading, "proud arm of the fascist regime."
As of now, it seems like the account, which has 3.4 million followers, has been restored, and the bio has been changed to simply read, "The official X account for Paramount Pictures."
Paramount has not released any statement on this incident as of now. The hack comes just a day after David Ellison, the CEO of Paramount Skydance, launched a hostile bid for Warner Bros. Discovery, days after the historic deal between WBD and Netflix was announced.
Paramount has not released any statement on this incident as of now.
Paramount's bid to take over Warner Bros Discovery
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The hack comes just a day after David Ellison, the CEO of Paramount Skydance, launched a hostile bid for Warner Bros.Discovery valued at $108 billion, after the historic deal between WBD and Netflix.
Devid Ellison wants to acquire Warner Bros.Discovery, and as a move to do so, the production company announced on Monday that it has offered to acquire all of the outstanding shares of WBD for $30 per share, in all cash.
In a bid directly to WBD shareholders, Paramount has proposed to acquire the entire Warner Bros. Discovery, including the TV networks with CNN, TBS, TNT, among others.
In order to grab the deal, they had offered an all-cash deal that equates to a value of $108.4 billion with an equity value of $77.9 billion. Meanwhile, when compared to the Netflix deal of $72 billion, it covers the Warner Bros.TV and film studios, including HBO, HBO Max and the game division.
The streaming giant deal has $27.75 per share, which is a mix of stock and cash.
“Even after assigning value to the global network stub, total value to WBD shareholders in the Netflix deal does not exceed $30 per share, and ours is in 100% cash,” Ellison said on a call to investors, as per Variety.
Elison's efforts to buy WBD have also been seen as a way to impress family friend and President Donald Trump.
