There are two separate entities, the shareholders and the board of directors. The board accepted Netflix’s offer because they were presented with the two offers and are required to act in the shareholders best interest. This deal still needs to be approved by the shareholders and Paramount is trying to get WB’s shareholders to vote against the Netflix deal so they can accept their offer. The deal won’t be done for probably 12-24 months as it goes through regulatory review. WB can drop out of the deal during this time for a fee. Answer from Dstein99 on reddit.com
Reddit
reddit.com › r/explainlikeimfive › eli5: how can paramount announce a hostile takeover bid for wb when the bidding was done and netflix won?
r/explainlikeimfive on Reddit: ELI5: How can Paramount announce a hostile takeover bid for WB when the bidding was done and Netflix won?
1 week ago -
Companies bid for WB and Netflix won. How can Paramount swoop in after its all done and have a shot a buying WB?
Top answer 1 of 23
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Ultimately, it's shareholders who vote and decide. Management chose Netflix and recommended to shareholders that they vote to approve the deal. But if other companies can gain enough support for another bid other than one management backs, they can force a shareholder vote to see whether shareholders approve that hostile deal, too.
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They're taking their bid directly to the shareholders, bypassing the corporate managers.
Reuters
reuters.com › legal › transactional › paramount-makes-1084-billion-bid-warner-bros-discovery-2025-12-08
Warner Bros fight heats up with $108 billion hostile bid from Paramount | Reuters
5 days ago - Larry Ellison, the world's second-richest person, is the father of Paramount head David Ellison and has close ties to the White House. Larry Ellison called Trump after the Netflix deal was announced and told him the transaction would hurt competition, the Wall Street Journal reported, citing a White House official and a person familiar with the matter. The studio argues its bid for the entirety of Warner Bros Discovery is superior to Netflix, giving shareholders $18 billion more in cash and an easier path to regulatory approval.
Why a Paramount-Warner Bros. Discovery Merger Makes Sense | Analysis
How much did they pay you to write this article? More on reddit.com
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September 14, 2025Paramount confirms $108.4 billion counter-offer for Warner Bros. Discovery
Whoever wins the bid, the rest of us lose. More on reddit.com
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1 week agoELI5: How can Paramount announce a hostile takeover bid for WB when the bidding was done and Netflix won?
There are two separate entities, the shareholders and the board of directors. The board accepted Netflix’s offer because they were presented with the two offers and are required to act in the shareholders best interest. This deal still needs to be approved by the shareholders and Paramount is trying to get WB’s shareholders to vote against the Netflix deal so they can accept their offer. The deal won’t be done for probably 12-24 months as it goes through regulatory review. WB can drop out of the deal during this time for a fee. More on reddit.com
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1 week agoVideos
06:55
How could a Paramount-Warner Bros deal shape the US media landscape?
What Paramount's Warner Bros. bid signals about the debt market
17:43
Paramount Launches Hostile Takeover Bid to Buy Warner Bros - YouTube
02:45
How Paramount Skydance's hostile bid for Warner Bros. Discovery ...
10:20
Paramount Makes Hostile Bid for Warner Bros. at $30 a Share - YouTube
06:36
Paramount Skydance launches hostile bid for WBD after Netflix wins ...
BBC
bbc.com › news › articles › cm21z4zgkx7o
Netflix and Paramount battle for Warner Bros. Who is likely to win?
5 days ago - Netflix is offering to pay $23.25 per share, and give existing Warner Bros investors a stake in the new company - a mix of cash and equity it says is worth about $27.75 per share. Paramount, by contrast, says it wants control of the entire company, including the firm's traditional pay-TV networks, which are seen as a declining business.
Yahoo!
ca.finance.yahoo.com › news › paramount-goes-hostile-bid-warner-142128954.html
Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix
1 week ago - Emerging just days after top Warner ... by appealing directly to Warner shareholders with more money — $77.9 billion — and a plan to buy all of Warner's business, including the cable business that Netflix does not want...
Global News
globalnews.ca › news › 11568189 › paramount-warner-bros-discovery-netflix
Paramount makes hostile bid for Warner Bros. days after Netflix’s $72B deal - National | Globalnews.ca
1 week ago - Paramount said Monday that it going straight to Warner Bros. shareholders with a $30 per share in cash offer for the entirety of Warner Bros.
Yahoo! Finance
finance.yahoo.com › news › paramount-rips-warner-sale-process-010000697.html
Paramount rips Warner’s sale ‘process’ as it reveals 2-year-long pursuit, escalating bids before going hostile
1 week ago - The company’s tender offer regulatory filing with the Securities and Exchange Commission, filed hours after Paramount launched a hostile bid worth $108 billion (or $77.9 billion in equity), laid out a detailed chronology in which Paramount repeatedly tried to lure Warner Bros., to no avail.
Bloomberg
bloomberg.com › news › articles › 2025-12-08 › paramount-makes-hostile-bid-for-warner-bros-at-30-a-share
Paramount Makes Hostile Bid for Warner Bros. (PSKY, WBD, NFLX) - Bloomberg
1 week ago - Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros.
NBC News
nbcnews.com › business › media › paramount-hostile-bid-warner-bros-discovery-rcna247993
Paramount launches hostile bid for Warner Bros. Discovery despite Netflix deal
In a federal securities filing, Paramount said the hostile bid will be backed in part by funds from Saudi Arabia, Qatar and the United Arab Emirates, as well as Affinity Partners, an investment firm founded by Jared Kushner, President Donald ...
Published 1 week ago
CBS News
cbsnews.com › moneywatch › paramount skydance makes $108.4 billion bid for warner bros. discovery
Paramount Skydance makes bid for all of Warner Bros. Discovery valued at $108 billion - CBS News
1 week ago - Discovery, which on Friday agreed to a deal with Netflix under which the streaming giant would acquire Warner's streaming and movie assets. Warner Bros.' storied film library includes classics like "Casablanca" and the "Harry Potter" film series.
The Guardian
theguardian.com › business › 2025 › dec › 08 › paramount-skydance-warner-bros-bid
Paramount launches $108.4bn hostile bid for Warner Bros Discovery | Business | The Guardian
1 week ago - “Our public offer, which is on the same terms we provided to the Warner Bros Discovery board of directors in private, provides superior value, and a more certain and quicker path to completion.” · During an industry event on Monday afternoon, Netflix leaders expressed little concern about the Paramount bid.
Paramount
paramount.com › press › paramount-launches-all-cash-tender-offer-to-acquire-warner-bros-discovery-for-30-per-share
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE | Paramount
1 week ago - (the "Tender Offer") to purchase for cash all of the outstanding Series A common stock of WBD or any discussions between Paramount and WBD with respect to a possible transaction (including, without limitation, by means of the Tender Offer, the "Potential Transaction"), including the possibility that the Tender Offer will not be successful, that the parties will not agree to pursue a business combination transaction or that the terms of any such transaction will be materially different from those described herein, the conditions to the completion of the Potential Transaction or the previously announced transaction between Warner Bros.
The Guardian
theguardian.com › business › 2025 › dec › 08 › paramount-skydance-warner-bros-discovery-explainer-hostile-bid
Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now? | Business | The Guardian
1 week ago - Warren, who came out against WBD’s merger with Netflix, argued on Monday that Trump’s regulatory agencies need to properly evaluate the Paramount deal if accepted, especially considering the foreign funding it includes, from the likes of Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority. “The Department of Justice and the Committee on Foreign Investment in the United States must review any Warner Bros deal based on the law and facts, not who sucked up the most to Donald Trump,” said Warren.
PR Newswire
prnewswire.com › news-releases › paramount-launches-all-cash-tender-offer-to-acquire-warner-bros-discovery-for-30-per-share-302635412.html
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE
1 week ago - 8, 2025 /PRNewswire/ -- Paramount, ... the outstanding shares of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") for $30.00 per share in cash....
Paramount
ir.paramount.com › news-releases › news-release-details › paramount-launches-all-cash-tender-offer-acquire-warner-bros
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE | Paramount
1 week ago - Offer provides superior value, and a more certain and quicker path to completion to WBD shareholders Equity to be backstopped by Ellison Family and RedBird Capital in addition to debt fully committed by Bank of America , Citi and Apollo Obligation to take offer directly to WBD shareholders over
Yahoo! Finance
finance.yahoo.com › news › paramount-poised-buy-warner-bros-002146876.html
Paramount was poised to buy Warner Bros. Discovery. What went wrong?
1 week ago - Tech mogul Larry Ellison made a bold move to acquire Warner Bros. Discovery, but lost out to Netflix, setting the stage for a legal fight that could shape the future of Hollywood.
Reddit
reddit.com › r/boxoffice › why a paramount-warner bros. discovery merger makes sense | analysis
r/boxoffice on Reddit: Why a Paramount-Warner Bros. Discovery Merger Makes Sense | Analysis
September 14, 2025 -
No paywall:
https://archive.fo/zlpET
Top answer 1 of 5
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How much did they pay you to write this article?
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I keep seeing articles claiming that a Paramount–WB merger would create a powerhouse at the box office, especially when you factor in franchises like Sonic, Mission Impossible, Star Trek, and Transformers alongside what WB already owns. But is that really the case? Mission Impossible doesn’t seem sustainable beyond Tom Cruise, Sonic already has a trilogy but isn’t exactly a box office juggernaut, Transformers feels dead, and Star Trek has never been a major draw theatrically. Realistically, the heavy hitters for the next few years would still just come from WB’s side—DC, the MonsterVerse, horror, and Middle-earth etc...
Reddit
reddit.com › r/gamingleaksandrumours › paramount confirms $108.4 billion counter-offer for warner bros. discovery
r/GamingLeaksAndRumours on Reddit: Paramount confirms $108.4 billion counter-offer for Warner Bros. Discovery
1 week ago -
Confirmed:
Paramount, a Skydance Corporation (“Paramount”), has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery, Inc. (“WBD”) for $30.00 per share in cash. Paramount’s proposed transaction is for the entirety of WBD, including the Global Networks segment.
https://www.hollywoodreporter.com/business/business-news/paramount-launches-hostile-bid-for-warner-bros-1236444601/
https://www.strongerhollywood.com/
Previous Rumour:
https://www.reddit.com/r/GamingLeaksAndRumours/comments/1pfbzhb/paramount_considering_hostile_takeover_of_warner/
Facebook
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Deadline
deadline.com › 2025 › 12 › paramount-warner-bros-netflix-theatrical-releases-1236641998
Paramount In Hostile Bid For Warner Bros Promises 30+ Movies Annually
1 week ago - Netflix currently grants only a handful of their films a token theatrical release and the overwhelming.” · Paramount today announced it has begun an all-cash tender offer to acquire all of the outstanding shares of Warner Bros.