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Economy|EntertainmentParamount goes hostile in its bid for Warner Bros DiscoveryIt is the same bid that Warner Brothers rejected in favour of the offer from Netflix last week.

Paramount has initiated a direct proposal to the shareholders of Warner Bros Discovery, countering a recent offer by Netflix. Paramount's bid, valued at approximately $74.4 billion or $30 per share in cash, includes the acquisition of Warner Bros' cable…

MBy Michael ReevesDec 08, 20252 min read

Paramount has initiated a direct proposal to the shareholders of Warner Bros Discovery, countering a recent offer by Netflix. Paramount's bid, valued at approximately $74.4 billion or $30 per share in cash, includes the acquisition of Warner Bros' cable assets. This proposal surpasses Netflix's $72 billion offer, which Paramount claims is based on speculative valuations of the cable assets.

Paramount's offer exceeds Netflix's by approximately $18 billion. The company argues that the Netflix proposal subjects Warner Bros Discovery shareholders to a lengthy and uncertain regulatory approval process, involving a complex mix of equity and cash. Paramount has submitted six proposals to Warner Bros Discovery over a 12-week period.

According to Paramount, their offer is poised to strengthen the Hollywood industry by fostering competition, increasing content spending, enhancing theatrical release outputs, and expanding the number of movies available in theaters. Paramount Chairman and CEO David Ellison has expressed confidence in the benefits the proposed transaction would bring to the creative community, consumers, and the movie theater industry.

Recently, Netflix finalized a deal to acquire Warner Bros Discovery at a valuation of $27.75 per Warner share, giving it a total enterprise value of $82.7 billion, including debt. The transaction is anticipated to close within 12 to 18 months, contingent on the completion of Warner's separation of its cable operations. Certain networks, such as CNN and Discovery, are excluded from this deal.

Paramount has initiated a direct proposal to the shareholders of Warner Bros Discovery, countering a recent offer by Netflix.
Michael Reeves · Thehackingpost

US President Donald Trump has indicated potential involvement in the federal government's decision to approve the Netflix deal, citing concerns over the market share of the combined entity. Paramount's ties to President Trump have been noted, with CEO David Ellison being the son of Larry Ellison, a known Trump supporter.

In October, Paramount acquired The Free Press, a news and commentary website, appointing founder Bari Weiss as the editor-in-chief of CBS News. This move aligns with Paramount's strategy to provide balanced and fact-based news.

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Paramount's tender offer is set to expire on January 8, 2026, unless extended. Following the announcement, shares of both Warner Bros and Paramount increased by 5 to 6 percent, while Netflix shares experienced a slight decline.

Based on reporting by Al Jazeera.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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