Last updated: 2025-12-08 17:30:19 ET
Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck.
Oracle earnings preview. Netflix, Paramount Skydance battle for Warner Bros. Discovery
Paramount is making its case directly to shareholders with an all-cash, $30-per-share offer to take over the entire company.
Paramount Skydance on Monday launched a hostile, $108.4 billion bid to buy Warner Bros. Discovery, days after Warner Bros. agreed to be acquired by Netflix for $82.7 billion.
Paramount says its proposal is a "superior alternative" for shareholders than the rival offer from Netflix.
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
The competing offer comes days after the streaming giant and Warner Bros. Discovery announced an $83 billion merger deal, which Trump said he would be “involved” in vetting.
Paramount Skydance CEO David Ellison is not ready to go down without a fight for Warner Bros. Discovery, making a counter offer that is $18 billion mo...
Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn't plan to buy WBD's TV networks.
Paramount launches a hostile $108 billion bid to snatch Warner from Netflix
