US EditionParamount Makes $108.4 Billion Hostile Bid for Warner After Losing Bidding War to Netflix
Paramount's $108.4 billion cash offer aims to avoid regulatory risks and preserve Warner Bros. Discovery intact, presenting a 139% premium over WBD's September stock price.
- 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.
493 Articles
493 Articles
Paramount makes $108 billion offer for Warner Bros. Discovery, challenging Netflix
Paramount has issued a $30-per-share all-cash tender offer to acquire Warner Bros. Discovery (WBD), saying its proposal provides greater value and more certainty than the previously announced Netflix deal, according to the company. Paramount said it intends to take the offer directly to WBD shareholders. The offer was announced on Monday and values WBD at an enterprise value of about $108 billion. Paramount said the proposal includes the company…
Paramount Skydance ( PSKY.O ) has made a competing bid worth $108.4 billion for Warner Bros. Discovery ( WBD.O ), in a latest bid to outdo Netflix and create a media force to challenge the streaming giant's dominance.
Paramount counteroffered WarnerBros for $108 billion, surpassing Netflix's offer.
Paramount (With Jared Kushner And Saudi Help) Launches $108 Billion Hostile Takeover Bid For Warner Brothers
Last week Netflix announced a $82.7 billion acquisition of Warner Brothers, elbowing out rival acquisition bids (for now) by Comcast/NBC and Paramount/CBS. But the deal still needs regulatory approval from Trump, who has already stated several times that he'd prefer it if his bestie new owner of CBS, right wing billionaire Larry Ellison, comes away…
Coverage Details
Bias Distribution
- 51% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
