US EditionWarner Bros. Plans to Reject Paramount Offer, Back Existing Netflix Deal: Report
Warner Bros. Discovery board plans to reject Paramount's $108.4 billion bid and maintain Netflix's $27 per share offer amid regulatory and financing concerns.
- Dec 16: Warner Bros Discovery's board could announce a decision as early as Wednesday and is likely to advise shareholders to reject Paramount Skydance's $108.4 billion bid while recommitting to Netflix's buyout offer.
- Earlier this month, Netflix emerged with a $27 cash-and-stock bid for Warner Bros' non-cable assets, and David Ellison, Paramount CEO, then pushed a $30-a-share all-cash bid directly to shareholders.
- Paramount's financing package includes $41 billion in new equity from the Ellison family and RedBird Capital, $54 billion of debt commitments from Bank of America, Citi and Apollo, while Jared Kushner's Affinity Partners is exiting.
- Paramount says its offer is superior and would enjoy a clearer path to regulatory approval, and Paramount and Affinity Partners did not immediately respond to Reuters' requests for comment.
- The winner will gain a major advantage in the streaming wars by locking up Warner Bros' deep content library, and a Warner Bros Discovery spokesman declined to comment.
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43 Articles
Warner Bros. Discovery to Reject Paramount's Hostile Bid & Plans to Sell to Netflix
In a dramatic escalation of one of Hollywood’s most high-stakes corporate battles, Warner Bros. Discovery (WBD) is preparing to advise its shareholders to reject the latest takeover offer from Paramount Skydance as early as Wednesday, December 17, 2025. The board plans to reaffirm its support for the existing agreement with Netflix, citing greater long-term value, […] The post Warner Bros. Discovery to Reject Paramount’s Hostile Bid & Plans to S…
Warner Bros. Discovery will recommend that its shareholders reject Paramount's offer and support the Netflix deal instead.
New York, Dec 16 (EFE).- Warner Bros. Discovery (WBD) will recommend that its shareholders reject Paramount's $30-per-action offer, and instead endorse the existing agreement with Netflix, reports the Wall Street Journal (WSJ), which cites its own sources. Thus, Paramount and its executive director, David Ellison, will have to decide whether to increase their proposal. This happens while Warner's shares are quoted at about $30, suggesting that i…
Warner Bros. plans to reject Paramount bid on funding, terms
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