Last updated: 2025-12-08 15:31:17 ET
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.
IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.
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.
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
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy Warner Bros. in a deal valued at $82.7 billion.
David Ellison fights back: Paramount launches a hostile bid for Warner Bros. Discovery after losing out to Netflix
