US EditionParamount Makes $108.4 Billion Hostile Bid for Warner After Losing Bidding War to Netflix
- On Monday, Paramount Skydance launched a hostile bid to buy Warner Bros. Discovery, offering an all-cash $30-per-share to WBD shareholders.
- On Friday, Netflix announced a $72 billion deal to acquire WBD's studio and streaming assets after a months-long bidding war, while WBD rejected Paramount's offer last week.
- David Ellison's Paramount had pursued the whole company, including CNN and TNT Sports, and told Warner Bros. Discovery's board that keeping WBD whole served shareholders' best interests.
- Antitrust questions have arisen over the Netflix proposal, while Paramount executives argue their smaller size and friendlier ties to the Trump administration could speed regulatory approval despite the administration's "heavy skepticism," CNBC reported Friday.
- Financial and corporate ties could influence bidder strategies as Comcast also bid for streaming and studio businesses, with Versant set to become CNBC's new parent after Comcast's planned spinoff.
226 Articles
226 Articles
Jared Kushner, the President’s Son-in-Law, Is Part of Paramount’s Bid for Warner Bros. Discovery
Paramount’s hostile bid for Warner Bros. Discovery on Monday included a list of investors lined up to back the offer. Perhaps none stood out more than Affinity Partners, the private equity firm founded by President Trump’s son-in-law Jared Kushner. Paramount said in the filing that Larry Ellison, the father of the company’s chief executive, David Ellison, alongside the private equity firm RedBird Capital Partners, have committed to backstop the …
The US television and film studio "Paramount Skydance" has submitted a counter-offer for its competitor "Warner Bros Discovery" worth about 108 billion dollars.
Finger-pointing in Washington as Paramount goes hostile
The SceneParamount’s aggressive quest for Warner Bros. — which escalated into a hostile $108 billion bid for the company Monday — is backfiring in Washington, where some officials have grown frustrated with widespread speculation that a politicized Justice Department would play favorites for the conservative Ellison family.The Paramount team seems to “believe the worst possible tropes” about corruption in the Trump administration and are “leanin…
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