Overview
- Paramount publicly offered $30 per share in cash for Warner Bros. Discovery, valuing the deal at about $108.4 billion.
- Company statements say the bid provides roughly $18 billion more in cash to WBD shareholders than Netflix’s consideration.
- CEO David Ellison said the same terms were previously presented to WBD’s board and that Paramount is now taking the offer directly to investors.
- Netflix was reported to have a definitive $82.7 billion agreement for WBD, with the company’s linear cable networks treated as a separate entity.
- President Trump criticized Paramount and 60 Minutes over a Marjorie Taylor Greene interview and demanded an apology from Lesley Stahl regarding past Hunter Biden laptop coverage.