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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647 Articles
Kushner pulls firm's financing of Paramount's hostile bid for WBD
One of Jared Kushner’s firms announced on Tuesday that it is exiting the takeover battle for Warner Bros. Discovery, after previously helping finance Paramount Skydance’s bid to acquire the entertainment company. Kushner, who founded Affinity Partners, is President Donald Trump’s son-in-law and is known as one of his top informal advisers. Affinity Partners has now moved to pull a reported $200 million investment in Paramount’s hostile bid to ta…
Paramount Skydance Launches $108B Hostile Bid for Warner Bros. Discovery, Backed by Kushner and Arab Funds
NEW YORK CITY (VINnews) — Paramount Skydance has launched a hostile $108 billion takeover bid for Warner Bros. Discovery, escalating a high-stakes battle in the media industry just days after Netflix emerged as the preferred buyer for the entertainment giant’s key assets. Join our WhatsApp group Subscribe to our Daily Roundup Email The all-cash offer, […]
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