Paramount Skydance’s $108 Billion Hostile Bid for Warner Bros Discovery: Inside the Showdown With Netflix and the Future of Hollywood
Paramount Skydance launched a $30-per-share hostile bid for Warner Bros Discovery on Dec. 8, valuing the company at $108.4 billion including debt. The offer challenges WBD’s $82.7 billion deal to sell its studios and HBO to Netflix, announced days earlier. WBD’s board said it will review the Paramount bid but still recommends the Netflix agreement. Paramount’s tender expires Jan. 8, 2026.