Last week, we reported the news that Netflix would be purchasing Warner Brothers.
But Paramount has now entered the chat:
Fox Business reports Paramount has made a hostile bid for Warner Brothers in order to block Netflix's purchase (it was widely rumored that their bid for the company was going to be the winning one, so the Netflix news came as a shock to many).
Paramount, a Skydance Corporation, announced Monday it has launched an all-cash tender offer to acquire the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash, with the company suggesting it's a 'superior' offer than the recently announced Netflix deal.
Paramount's proposed transaction is for the entirety of WBD, including the Global Networks segment that includes CNN and other cable assets. This comes after Netflix agreed to acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max, in a cash-and-stock deal valued at $27.75 per Warner Bros. Discovery share.
Paramount is offering $2.25 per share more than Netflix.
The streaming wars continue!
In a press release, Paramount said its 'proposal is more compelling to WBD shareholders on several fronts' including the price, structure and regulatory certainty.
'An all-cash offer at $30.00 per share, equating to an enterprise value of $108.4 billion, which represents a 139% premium to the undisturbed WBD stock price of $12.54 as of September 10, 2025. In contrast, the Netflix proposal entails a volatile and complex structure valued at $27.75 mix of cash ($23.25) and stock ($4.50), subject to collar and the future performance of Netflix, equating to an enterprise value of $82.7 billion,' the release states ...
Paramount accused Warner Bros. Discovery of failing to engage with six proposals over the course of 12 weeks, which Ellison believes delivers the best outcome for shareholders.
While the cash offer brings more money to Warner Brothers, it also includes the sale of CNN and other cable assets that Netflix was not willing to purchase.
(Would this put CBS and Bari Weiss in charge of CNN as well?)
Expect the litigation on this one to drag out for years 😂
P.S. Now check out our latest video 👇
