Warner Bros. Discovery rejects Paramount Skydance's hostile bid, saying Netflix's offer is superior [CBS News]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: CBS News
created "significant risks and costs" for the company and that Netflix's prior offer provides better value. The move follows competing bids for Warner Bros. Discovery, whose storied film library includes classics like "Casablanca" and the "Harry Potter" film series. Netflix agreed on December 5 to buy a part of Warner Bros. in a deal valued at $82.7 billion, while Paramount Skydance followed on December 8 with an all-cash offer for the entirety of the media conglomerate. In making the bid for all of Warner Bros. Discovery, Paramount Skydance CEO David Ellison described it as a "superior all-cash offer." Ellison said that its bid, combining the assets of Warner Bros. Discovery with Paramount Skydance (the parent of CBS News), would face an easier path through the government regulatory process. Paramount is offering $30 a share for the entire company, while Netflix agreed to buy Warner Bros.'s HBO as well as its streaming and studios business, including HBO Max and Warner Bros. Te
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News
- Comcast put a $81B valuation for its media unit when it bid for Warner Bros. - report [Seeking Alpha]Seeking Alpha
- Warner Bros. chose Netflix over Paramount — again. Now what? [CNN]CNN
- Warner Bros. Wants to Take the Netflix Deal—and It Calls Paramount's Offer 'Illusory' [Yahoo! Finance]Yahoo! Finance
- Warner Bros. Discovery Says Unknown ‘American Media Company' Offered Takeover Bid [Forbes]Forbes
- Market Voices: WBD-Paramount, Trump's Venezuela blockade, Fed's Waller [Seeking Alpha]Seeking Alpha
WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 12/17/25 - Form 425
- 12/17/25 - Form 425
- 12/17/25 - Form 425
- WBD's page on the SEC website