Overview
- Paramount publicly offered $30 per share in cash to acquire all of Warner Bros. Discovery in a hostile move, according to Bloomberg.
- The offer tops Netflix’s earlier $27.75 per-share cash-plus-stock proposal that targeted only the Hollywood studio and streaming operations.
- CEO David Ellison said the public terms match prior private proposals and emphasized value, certainty, and speed to completion.
- Warner Bros. Discovery began a sale process in October that drew multiple rounds of bids from Netflix and Comcast, with Paramount active for months.
- The takeover contest remains open as Warner Bros. Discovery’s board and shareholders evaluate competing structures and prices.