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Warner Bros rebuffs Paramount takeover approach, Bloomberg News reports

Warner Bros. CEO David Zaslav expects a higher premium after splitting streaming and studios from debt-heavy cable networks, rejecting Paramount’s $20-per-share offer valued below $42 billion.

  • Warner Bros Discovery rejected an initial takeover bid from Paramount Skydance, valuing the company at around $20 per share, deeming the offer too low.
  • Paramount Skydance, under the leadership of David Ellison following an $8 billion merger with Skydance Media, is determined to pursue Warner Bros Discovery.
  • Paramount has been in discussions with Apollo Global Management, an alternative asset manager, to secure financial support for its takeover attempt of Warner Bros Discovery.
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U.S. News broke the news in New York, United States on Saturday, October 11, 2025.
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