Warner Bros. Urges Shareholders To Reject Paramount's Rival Bid For The Studio [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
The battle for Warner Bros. may be down to Netflix and Paramount, but the studio has a clear favorite. Earlier this month, Netflix bid $82.7 billion dollars for Warner Bros., jilting Paramount in the process. Paramount responded with a hostile takeover bid of $108.4 billion . Now, Warner Bros. is urging its shareholders to reject Paramount's "illusory" offer. "Following a careful evaluation of Paramount's recently launched tender offer, the Board concluded that the offer's value is inadequate, with significant risks and costs imposed on our shareholders," reads a letter to shareholders from Samuel A. Di Piazza, Jr., the chair of Warner Bros. Discovery's board of directors. Although Paramount's offer is higher, Warner Bros.' contends that Paramount's owners, the Ellison family, didn't offer a "full backstop" commitment to provide the money to cover its offer and that it can walk away from the transaction without paying any penalty. By comparison, Netflix and Warner Bros. have a $5
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News
- Warner Bros. Discovery rejects Paramount Skydance's hostile bid, saying Netflix's offer is superior [CBS News]CBS News
- Market Voices: WBD-Paramount, Trump's Venezuela blockade, Fed's Waller [Seeking Alpha]Seeking Alpha
- Warner Bros. execs rejects Paramount's bid, urges stakeholders to do the same [Yahoo! Finance]Yahoo! Finance
- Warner Bros. chose Netflix over Paramount — again. Now what? [CNN]CNN
- What to know about bidding war between Netflix and Paramount for Warner Bros. [Yahoo! Finance]Yahoo! Finance
WBD
Earnings
- 11/6/25 - Miss
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Sec Filings
- 12/17/25 - Form 425
- 12/17/25 - Form 425
- 12/17/25 - Form 425
- WBD's page on the SEC website