US EditionParamount Makes $108.4 Billion Hostile Bid for Warner After Losing Bidding War to Netflix
Paramount offers $30 per share in an all-cash $108 billion bid, claiming it provides faster certainty and preserves Warner Bros. Discovery's assets, surpassing Netflix's $82.7 billion deal.
- On Monday, Paramount Skydance launched a $30-per-share all-cash tender offer valuing Warner Bros. Discovery at about $108.4 billion, taking the bid directly to Warner shareholders.
- After losing to Netflix, Paramount said it launched a hostile bid following a months-long bidding war won by Netflix last Friday with a $72 billion, $27.75 per share deal for Warner Bros. Discovery.
- With $54 billion in committed debt from Bank of America, Citi and Apollo Global Management, and equity backers including the Ellison family, RedBird Capital, and Middle Eastern sovereign funds, Paramount said its bid offers $18 billion more cash to shareholders.
- Shares immediately reacted as markets and politicians weighed in: Warner Bros. Discovery said it will 'carefully review' Paramount's offer but keeps Netflix deal, while regulators including DOJ and FTC face the $5.8 billion Netflix breakup fee, and President Donald Trump said he would assess competition concerns.
- Critics warned that bipartisan lawmakers and Hollywood unions fear job losses and higher prices, while Paramount argued the merger would strengthen competition and benefit creators and theatres amid regulatory scrutiny.
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572 Articles
The struggle between two giants of the audiovisual industry like Netflix and Paramount Skydance to buy Warner Bros.
Netflix and Paramount have engaged in a bidding war to acquire the Hollywood studio. Both want to convince shareholders.
A billion-dollar deal is underway: Paramount offers more than Netflix for Warner Bros. The decision is imminent.
Details on Paramount Skydance bid for Warner Bros. following Netflix deal for part of company
Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent…
A bidding war for one of America’s biggest media companies is colliding with Trump-era power
This is The Poynter Report, your daily guide to the news about news. Subscribe to get it in your inbox every weekday. Oh, remember that big breaking story about how […] The post A bidding war for one of America’s biggest media companies is colliding with Trump-era power appeared first on Poynter.
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