The fight for ownership of Warner Bros. continues. Following Netflix’s announcement on Friday that it would acquire most of Warner Bros.’s entertainment properties, Paramount countered on Monday with a much larger offer to buy the entire company, launching what’s known as a hostile takeover attempt.
Paramount is offering $30 per share, which is higher than Netflix’s offer of $27.75. This means Paramount’s offer is worth $18 billion more in cash. Also, Paramount is interested in buying all of Warner Bros. Discovery, while Netflix is only proposing to buy a controlling share of its main entertainment properties.
For months, everyone thought Paramount was gonna be the one to buy Warner Bros. But then Netflix came out of nowhere! Apparently, Netflix’s CEO, Ted Sarandos, even met with President Trump to try and get him on board with the deal – pretty wild, right?
Paramount, led by David Ellison—son of Oracle’s Larry Ellison—has a strong relationship with Donald Trump. The company believes its proposed acquisition of Warner Bros. Discovery will provide better benefits and a faster, more reliable completion for Warner Bros. Discovery shareholders, according to Paramount.
The Ellison family, along with investment firms RedBird Capital, Bank of America, Citi, and Apollo, are providing the funds for the proposed acquisition. A previous worry about where the money would come from – raised when Paramount first made a bid – has now been resolved, according to Paramount.
Paramount explained that it’s making a direct offer to Warner Bros. Discovery shareholders because they feel the shareholders haven’t been given the best possible deal. They’re pursuing this despite a lack of agreement with WBD leadership, considering it a hostile takeover attempt.
Paramount argues that the deal between Netflix and Warner Bros. Discovery offers Warner Bros. Discovery shareholders a poor and risky outcome. They point to a lengthy and unpredictable regulatory review process, a complicated payment structure involving both stock and cash, and the creation of a separate, heavily indebted Global Networks company with an unclear future value.
David Ellison stated that Warner Bros. Discovery shareholders should have the chance to evaluate his company’s offer to buy all their stock with cash.
We’re confident this deal will strengthen the film industry as a whole. It’s a win for everyone – filmmakers, moviegoers, and theaters – because it will encourage more competition, increase investment in new content, and ultimately bring more movies to the big screen. We’re eager to move forward quickly so that everyone can start enjoying the benefits of the combined company.
Paramount’s hostile bid for WBD will expire on January 8, 2026, unless it’s extended before then.
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2025-12-08 17:11