What is Paramount's offer for Warner Bros. Discovery?

Paramount has made an unsolicited offer to acquire all outstanding shares of Warner Bros. Discovery for $30 per share, with a total enterprise value of $108.4 billion.

What is Warner Bros. Discovery's response to Paramount's bid?

Warner Bros. Discovery has confirmed receipt of the offer and its board will review it, considering their agreement with Netflix, before making a recommendation.

What was the previous deal Warner Bros. Discovery agreed to?

Warner Bros. Discovery had previously agreed to sell its film and TV studios, along with HBO/HBO Max, to Netflix for $82.7 billion in cash and stock.

Home / Business and Economy / WBD Confirms Paramount's Hostile $108B Takeover Offer

WBD Confirms Paramount's Hostile $108B Takeover Offer

8 Dec, 2025

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Summary

Paramount launched a $108.4 billion hostile takeover bid for WBD.
The offer is for $30 per share in an all-cash tender.
WBD's board will review the offer, considering its Netflix agreement.

WBD Confirms Paramount's Hostile $108B Takeover Offer

Paramount has launched a hostile takeover bid for Warner Bros. Discovery, proposing an all-cash tender offer to acquire all outstanding shares for $30 per share. This unsolicited offer values Warner Bros. Discovery at $108.4 billion.

The target company has officially confirmed receipt of Paramount's proposal. The Warner Bros. Discovery Board of Directors stated they will carefully review and consider the offer. This review will be conducted in accordance with the terms of Warner Bros. Discovery's existing agreement with Netflix, to which the company previously agreed.

Warner Bros. Discovery's board is not modifying its current recommendation concerning the Netflix agreement and expects to reveal its board's recommendation regarding Paramount's bid within ten business days. In the meantime, stockholders are advised not to take any immediate action concerning Paramount's proposal.