#MediaDrama #TakeoverBid
Paramount Skydance Launches Hostile Takeover Bid for Warner Bros. Discovery Amid Netflix Deal
Paramount Skydance, led by David Ellison, just dropped a bombshell: a $108.4 billion all-cash hostile bid for Warner Bros. Discovery (WBD) at $30 per share, going straight to shareholders to bypass the board. This comes days after Netflix won the bidding war last week with a $72 billion deal for WBD's studio (Warner Bros.) and streaming (HBO Max) assets at $27.75 per share, leaving out cable networks like CNN and TNT.
Why the drama?
⦁ Paramount argues their offer is simpler, faster (shorter regulatory hurdles, thanks to Trump ties), and preserves WBD as a unified powerhouse vs. Netflix's "volatile" stock-and-cash mix that could face multi-jurisdiction scrutiny.
⦁ It's a push to create a mega-media rival to streaming giants, but success hinges on shareholder buy-in—WBD's board favored Netflix for higher potential value post-cable spin-off.
⦁ Comcast was also in the mix earlier, but Paramount's now framing this as the superior play for long-term stability.
This could shake up Hollywood big time! 😲 What's your take on who should win the WBD prize?
Paramount Skydance Launches Hostile Takeover Bid for Warner Bros. Discovery Amid Netflix Deal
Paramount Skydance, led by David Ellison, just dropped a bombshell: a $108.4 billion all-cash hostile bid for Warner Bros. Discovery (WBD) at $30 per share, going straight to shareholders to bypass the board. This comes days after Netflix won the bidding war last week with a $72 billion deal for WBD's studio (Warner Bros.) and streaming (HBO Max) assets at $27.75 per share, leaving out cable networks like CNN and TNT.
Why the drama?
⦁ Paramount argues their offer is simpler, faster (shorter regulatory hurdles, thanks to Trump ties), and preserves WBD as a unified powerhouse vs. Netflix's "volatile" stock-and-cash mix that could face multi-jurisdiction scrutiny.
⦁ It's a push to create a mega-media rival to streaming giants, but success hinges on shareholder buy-in—WBD's board favored Netflix for higher potential value post-cable spin-off.
⦁ Comcast was also in the mix earlier, but Paramount's now framing this as the superior play for long-term stability.
This could shake up Hollywood big time! 😲 What's your take on who should win the WBD prize?
The Verge
Paramount launches a hostile $108 billion bid to snatch Warner from Netflix
It’s not over yet.
