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Paramount Makes $108 Billion Hostile Bid for Warner Bros.

Paramount launched a $108 billion hostile bid for Warner Bros., days after the company agreed to a deal with Netflix. Peter Elstrom explains the battle for one of the biggest names in Hollywood.

The bid compares with Netflix’s offer of $27.75 in cash and stock. Paramount’s offer is for the entirety of Warner Bros., while Netflix is only interested in the Hollywood studios and streaming business.

“WBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company,” Paramount Chief Executive Officer David Ellison said in a statement. “Our public offer, which is on the same terms we provided to the Warner Bros. Discovery Board of Directors in private, provides superior value, and a more certain and quicker path to completion.”

Read more: https://www.bloomberg.com/news/articles/2025-12-08/paramount-makes-hostile-bid-for-warner-bros-at-30-a-share

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