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 Paramount Launches Hostile Takeover Bid For Warner Bros. Discovery
12/08/25 06:38 AM
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Paramount Launches Hostile Takeover Bid For Warner Bros. Discovery
By Jill Goldsmith
December 8, 2025 6:14am
Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30 per share in cash, a deal equates to an enterprise value of $108.4 billion.
“The Paramount offer for the entirety of WBD provides shareholders $18 billion more in
cash than the Netflix consideration. WBD’s Board of Directors recommendation of the
Netflix transaction over Paramount’s offer is based on an illusory prospective valuation of
Global Networks that is unsupported by the business fundamentals,” the company said.
The move follows a contentious auction that saw WBD reject successive bids from the David Ellison company and, last Friday, announce a $72-billion deal to sell the Warner Bros. assets to Netflix for $27.75 a share in cash and stock. That transaction would happen after WBD spins out its linear television business into a separate public company and is expected to take 12 to 18 months…
https://deadline.com/2025/12/paramount-launches-hostile-takeover-bid-warner-bros-discovery-1236641640/
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