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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 - Paramount"), today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of · Warner Bros. Discovery, Inc.
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AP News
apnews.com › article › warner-bros-paramount-skydance-netflix-d025a585f7a77cb9d8b066e65576101f
Warner Bros tells shareholders that Netflix's offer is superior to Paramount's | AP News
4 hours ago - The Warner board said in a letter to shareholders on Wednesday that Paramount’s “inferior” offer carried “significant risks and costs,” in large part because it relies heavily on borrowed money – whereas the Netflix offer is backed by a company worth more than $400 billion. Warner, which owns the Warner Bros.
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Axios
axios.com › 2025 › 12 › 16 › kushner-warner-bros-paramount
Jared Kushner's firm backs out of Paramount's Warner Bros. bid
5 hours ago - The newsThe Warner Bros. board is expected to announce that it plans to reject Paramount's $30-a-share all-cash offer for the company.
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Los Angeles Times
latimes.com › entertainment-arts › business › story › 2025-12-17 › warner-bros-accusations-against-paramount-ellison-family-what-to-know
Warner Bros. rejects Paramount's hostile bid, accuses Ellison family of failing to put money into the deal - Los Angeles Times
4 hours ago - Paramount fired back that the Ellison family did provide the needed guarantees and pointed to Larry Ellison's long business record. Paramount said it would continue with its hostile takeover of Warner.
Discussions

Paramount Launches Hostile Bid for Warner Bros. : movies
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Warner Bros. Discovery Rejects Paramount’s Hostile Bid, Citing Significant Risks : movies
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Paramount makes $108.4 billion hostile bid for Warner Bros Discovery : wallstreetbets
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Warner Bros. to Reject Paramount offer on Funding Concerns : wallstreetbets
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Wikipedia
en.wikipedia.org › wiki › Proposed_acquisition_of_Warner_Bros.
Proposed acquisition of Warner Bros. - Wikipedia
3 hours ago - Discovery, on December 8, 2025 directly to its investors. Paramount's offer values WBD at $108.4 billion at $30 per share. The move has widely been viewed as a hostile takeover and WBD said it would take several weeks to review it, while also evaluating its previous agreement with Netflix. Warner Bros.
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potential business transaction

Since late 2025, Warner Bros. Discovery (WBD) has drawn multiple acquisition offers from several entertainment companies. On October 21, 2025, WBD announced it would consider a "broad range of alternative options" to … Wikipedia
Factsheet
Target Warner Bros. Streaming & Studios (Netflix Inc.)
Warner Bros. Discovery (Paramount Skydance)
Type Partial acquisition; spin-off of Global Linear Networks (Netflix Inc.)
Full acquisition (Paramount Skydance)
Factsheet
Target Warner Bros. Streaming & Studios (Netflix Inc.)
Warner Bros. Discovery (Paramount Skydance)
Type Partial acquisition; spin-off of Global Linear Networks (Netflix Inc.)
Full acquisition (Paramount Skydance)
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NBC News
nbcnews.com › business › media › warner-bros-discovery-recommends-investors-reject-paramounts-hostile-t-rcna249658
Warner Bros. Discovery recommends investors reject Paramount's hostile takeover bid
8 hours ago - "The terms of the Netflix merger are superior," Warner Bros. Discovery said in a letter to shareholders. Paramount launched a hostile takeover bid valued at more than $108 billion for all of Warner Bros.
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NYTimes
nytimes.com › business › media
Warner Bros. Urges Shareholders to Reject Paramount Takeover Bid, Saying Ellisons ‘Misled’ Them - The New York Times
9 hours ago - Warner Bros. Discovery agreed this month to sell a large part of its business to Netflix in a cash-and-stock deal worth $83 billion, spurning an all-cash offer by Paramount to buy all of the company for $108 billion.
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Reuters
reuters.com › legal › transactional › warner-bros-discovery-board-rejects-rival-bid-paramount-2025-12-17
Warner Bros Discovery board rejects rival bid from Paramount | Reuters
9 hours ago - Paramount and Netflix have been in a race to win control of Warner Bros, and with it, its prized film and television studios, HBO Max streaming service and franchises like "Harry Potter."
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BBC
bbc.com › news › articles › cz687wv9vqxo
Warner Bros favours Netflix offer over $108bn Paramount bid
10 hours ago - The media giant put itself up for sale in October after receiving "multiple" expressions of interest from potential buyers, including approaches from Paramount Skydance. On 5 December, Warner Bros Discovery said it had agreed to sell its film and streaming businesses to Netflix.
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CBS News
cbsnews.com › moneywatch › warner bros. discovery rejects paramount skydance's hostile bid
Warner Bros. Discovery rejects Paramount Skydance's hostile bid, saying Netflix's offer is superior - CBS News
6 hours ago - Discovery, whose storied film library includes classics like "Casablanca" and the "Harry Potter" film series. Netflix agreed on December 5 to buy a part of Warner Bros. in a deal valued at $82.7 billion, while Paramount Skydance followed on December 8 with an all-cash offer for the entirety of the media conglomerate.
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Axios
axios.com › 2025 › 12 › 17 › warner-bros-paramount-reject
Warner Bros. Discovery board rejects Paramount's hostile bid
13 hours ago - Warner Bros. Discovery's board has unanimously rejected Paramount's hostile $30-per-share all-cash offer, blasting the bid as risky and accusing the company of misleading shareholders.
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The Guardian
theguardian.com › business › 2025 › dec › 17 › warner-bros-reportedly-poised-to-reject-paramount-hostile-takeover-bid
Warner Bros reportedly poised to reject Paramount’s $108bn hostile takeover bid | Mergers and acquisitions | The Guardian
13 hours ago - Warner Bros Discovery is poised to tell shareholders to reject Paramount’s $108bn (£81bn) hostile bid, according to reports, clearing the way for Netflix to proceed with its buyout of the Hollywood film and TV group.
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Wbd
ir.wbd.com › news-and-events › financial-news › financial-news-details › 2025 › Warner-Bros--Discovery-Board-of-Directors-Unanimously-Recommends-Shareholders-Reject-Paramount-Tender-Offer › default.aspx
Warner Bros. Discovery - Warner Bros. Discovery Board of Directors Unanimously Recommends Shareholders Reject Paramount Tender Offer
13 hours ago - Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or "WBD") (NASDAQ: WBD) today announced that its Board of Directors (the "Board") has unanimously determined that the tender offer launched by Paramount Skydance ("PSKY") (NASDAQ: PSKY) on December 8, 2025 is not in the best interests of WBD and its shareholders and does not meet the criteria of a "Superior Proposal" under the terms of WBD's merger agreement with Netflix announced on December 5, 2025.
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Reuters
reuters.com › world › warner-bros-likely-reject-1084-billion-paramount-bid-back-netflix-bidding-war-2025-12-16
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say | Reuters
14 hours ago - Netflix earlier this month emerged victorious with a $27 cash-and-stock bid for Warner Bros' non-cable assets. Paramount CEO David Ellison then went directly to Warner Bros' shareholders with a $30-a-share, all-cash bid for the whole company.
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CNN
cnn.com › 2025 › 12 › 17 › media › wbd-paramount-ellison-netflix-warner-bros-offer
Warner Bros. Discovery advises shareholders to reject Paramount’s offer. But the battle isn’t over | CNN Business
7 hours ago - Under the current plan, WBD will split itself into two publicly traded pieces next summer, and then Netflix will seek regulatory approval to buy the Warner Bros part. The other piece, to be named Discovery Global, will contain CNN and other channels. President Trump said last week that he will be involved in the regulatory review and suggested that he favored Paramount’s bid, although he has also complained about the Ellisons in recent days.
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The Hill
thehill.com › homenews › media › 5652023-netflix-warner-deal-paramount-bid
Warner Bros. Discovery preparing to tell shareholders: Back Netflix deal over Paramount
1 day ago - The decision, which was reported by multiple news outlets on Tuesday, comes after Paramount announced a hostile bid to buy the entirety of the Warner Bros.
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Financial Times
ft.com › content › 6443abe1-c1ee-4f28-8a8a-408a3e8f6077
Warner Bros to rebuff $108bn Paramount hostile offer
1 day ago - Hollywood studio and streaming company open to new bid but there are doubts over Ellison family funding
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USA Today
usatoday.com › story › opinion › 2025 › 12 › 15 › netflix-buys-warner-bros-hbo-drama-paramount › 87719829007
Netflix, Paramount bid for Warner Bros. may be good for you | Opinion
2 days ago - 5, Netflix announced a definitive agreement to acquire Warner Bros. – including its studios, HBO Max and HBO. But before the reeling market could catch its breath, Paramount launched a cash tender offer to claim all of Warner Bros.