Overview
- Paramount Skydance moved directly to Warner Bros. Discovery shareholders with a $30‑per‑share cash proposal valued at about $108 billion to buy the entire company.
- Netflix and Warner previously agreed to a roughly $82–83 billion transaction covering the Warner Bros. studio and HBO streaming assets, with TV networks such as CNN to be spun off into Discovery Global.
- President Trump said Netflix’s very large market share "could be a problem" and that he will be involved in the decision, intensifying the political and regulatory stakes.
- Paramount cast its bid as offering more cash and a clearer path to approval, while Netflix emphasized continued theatrical releases and accepted a multibillion‑dollar breakup fee if regulators block the deal.
- Warner leaders told employees the review could take 12 to 18 months, as unions, cinema groups and figures like director James Cameron warn of reduced competition and pressure on theatrical distribution.