Paramount Skydance’s $108 Billion Hostile Bid for Warner Bros Discovery: Inside the Showdown With Netflix and the Future of Hollywood
On 8 December 2025, Hollywood’s most dramatic takeover battle in years escalated again as Paramount Skydance launched a hostile, all‑cash bid to buy Warner Bros Discovery for $30 a share – valuing the company at about $108.4 billion including debt. The move directly challenges the $82.7 billion deal WBD struck just days earlier to sell its studio and HBO to Netflix, and puts some of the world’s most valuable entertainment brands at the centre of a high‑stakes fight involving Wall Street, Washington and foreign investors. Reuters+2The Guardian+2
