Paramount makes $108 billion all-cash offer for Warner Bros. Discovery, escalating buyout fight with Netflix

Paramount Skydance (PSKY) announced connected Monday a bid to get Warner Bros. Discovery (WBD) successful an all-cash woody worthy $30 per share, oregon astir $108.4 billion, arsenic the institution moves to apical Netflix's (NFLX) woody struck past week to get the storied studio.

Paramount banal roseate astir 2% aft the announcement, portion Warner Bros. banal roseate arsenic overmuch arsenic 7%.

Paramount's bid connected Monday would spot the institution get each of Warner Bros.' assets. On Friday, Netflix agreed to get Warner Bros.' TV, film, studios, and streaming part for $72 cardinal — astir $27.75 per stock — successful a cash-and-stock woody that would spot Warner Bros. shareholders person $23.35 per share, on with $4.50 successful Netflix communal stock.

The woody betwixt Warner Bros. Discovery and Netflix, agreed to by the boards of some companies, is tentative and has yet to person support nether the national government's antitrust reappraisal process.

Paramount's bid announced Monday greeting is the latest successful a enactment of attempts by David Ellison's institution to get the storied Hollywood entity. In October 2025, Paramount made an archetypal $58 cardinal connection that was rejected by Warner Bros. In an unfastened bidding process kicked disconnected by Warner Bros. pursuing Paramount's archetypal bid, Ellison's institution made aggregate unsuccessful offers.

Monday's connection is present Paramount's latest effort to pursuit disconnected Netflix and yet triumph a protracted bidding warfare for Warner Bros., helmed by Hollywood mogul David Zaslav.

"Paramount's strategically and financially compelling connection to WBD shareholders provides a superior alternate to the Netflix transaction, which offers inferior and uncertain worth and exposes WBD shareholders to a protracted multi-jurisdictional regulatory clearance process with an uncertain result on with a analyzable and volatile premix of equity and cash," Paramount said successful a statement.

Jake Conley is simply a breaking quality newsman covering US equities for Yahoo Finance. Follow him connected X astatine @byjakeconley oregon email him astatine jake.co[email protected].

Click present for in-depth investigation of the latest banal marketplace quality and events moving banal prices

Read the latest fiscal and concern quality from Yahoo Finance