Mon, 08 Dec 2025

Mon, 08 Dec 2025 Why has Paramount launched a hostile bid for Warner Bros Discovery?

What to know about Netflix and Paramount Skydance's blockbuster battle over Warner Bros Discovery.

* Paramount, backed by the billionaire Ellison family, has launched a hostile takeover bid for Warner Bros Discovery.
* Netflix has also made an offer to buy the studio and streaming divisions of Warner Bros for $82.7bn, including debt.
* Paramount's deal values the entire company at $108.4bn, while Netflix's proposal offers $23.25 per share with a mix of cash and equity worth about $27.75 per share.
* A combined Paramount-Warner Bros would give Paramount control over Warner Bros' vast library of content, including Looney Tunes, Friends, Superman, and Harry Potter.
* A takeover by Netflix or Paramount could impact the traditional pay-TV networks, with potential benefits for cost savings and greater clout in business negotiations.
* Both deals raise competition concerns and are expected to face scrutiny from regulators in the US and Europe.
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