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The Digest:

Paramount has launched an all-cash tender offer valued at $108.4 billion to acquire Warner Bros. Discovery, challenging a rival bid from Netflix.

Key Points
  • Paramount’s offer is $30 per share, a 139% premium over WBD’s September stock price.
  • The bid includes Warner Bros. assets along with cable channels like CNN, TNT, TBS, and Discovery.
  • Paramount CEO David Ellison criticized Netflix’s $83 billion bid as “inferior and uncertain.”
  • Paramount argued its deal offers greater regulatory certainty than Netflix’s streaming-focused proposal.
  • The merger would unite Paramount+, CBS, and Nickelodeon with HBO Max and major sports rights.
  • Paramount projects over $6 billion in cost savings and promises continued theatrical releases.
  • Warner Bros. stock surged over 7% Monday, while Netflix shares fell more than 2%
As two giants clash over a storied studio, Hollywood finds itself at a crossroads, not just between streaming and tradition, but between two very different visions for its future.

Sources: Paramount Statement, CNBC Interview, AFP Report, Market Data