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Paramount launched a $108 billion hostile bid for Warner Bros., days after the company agreed to a deal with Netflix Peter Elstrom explains the battle for one of the biggest names in Hollywood

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Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance to clinch its $111 billion deal for the historic Hollywood studio
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Netflix dropped out of the fight to buy Warner Bros. Discovery, clearing the way for rival bidder Paramount Skydance to clinch its $111 billion deal for the historic Hollywood studio

Bloomberg TV

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In a stunning twist, Paramount Skydance launched a hostile bid worth $108.4 billion, offering $30 per share, all cash, for the entirety of Warner Bros Discovery and providing shareholders $18 billion more in cash and an easier path to regulatory approval
2:20

In a stunning twist, Paramount Skydance launched a hostile bid worth $108.4 billion, offering $30 per share, all cash, for the entirety of Warner Bros Discovery and providing shareholders $18 billion more in cash and an easier path to regulatory approval

Reuters

63,256 views • 8 months ago

Paramount is engaged in a battle with Netflix to buy Warner Bros. Discovery. Paramount’s most recent bid was rejected in part over financing. On Monday, Larry Ellison, the father of Paramount CEO David Ellison, personally guaranteed $40 billion in an effort to revive that bid. But Netflix’s proposed $83 billion offer is still considered the favorite for now. Talk of this deal has triggered widespread fears in Hollywood about what it could mean for the creative industry. Our senior arts correspondent Jeffrey Brown gets some perspective from one of the leading unions.
7:33

Paramount is engaged in a battle with Netflix to buy Warner Bros. Discovery. Paramount’s most recent bid was rejected in part over financing. On Monday, Larry Ellison, the father of Paramount CEO David Ellison, personally guaranteed $40 billion in an effort to revive that bid. But Netflix’s proposed $83 billion offer is still considered the favorite for now. Talk of this deal has triggered widespread fears in Hollywood about what it could mean for the creative industry. Our senior arts correspondent Jeffrey Brown gets some perspective from one of the leading unions.

PBS News

53,283 views • 7 months ago

In a stunning twist in one of Hollywood’s biggest bidding wars, Netflix is officially stepping aside in the battle for Warner Bros, clearing the path for David Ellison’s Paramount Skydance to take control of the fabled studio. #THRNews
2:12

In a stunning twist in one of Hollywood’s biggest bidding wars, Netflix is officially stepping aside in the battle for Warner Bros, clearing the path for David Ellison’s Paramount Skydance to take control of the fabled studio. #THRNews

The Hollywood Reporter

22,859 views • 5 months ago

🇺🇸 JARED KUSHNER’S FIRM PULLS OUT OF WARNER BROS TAKEOVER BATTLE Kushner’s private equity firm, Affinity Partners, has exited the high-stakes effort backing Paramount Skydance’s hostile takeover bid for Warner Bros, signaling a major shift in one of the biggest media fights in years. The firm confirmed it is no longer pursuing the deal, citing rapidly changing dynamics around the bid. Affinity had been part of a deep-pocketed financial group supporting Paramount Skydance CEO David Ellison’s unsolicited offer, valued at more than $108 billion, for the entire Warner Bros empire. The withdrawal comes days after Warner Bros. and Netflix announced a separate agreement that would carve out key assets, including HBO, HBO Max, and the Warner Bros film studio, effectively undercutting Paramount’s full-company play. With multiple bidders circling and boardroom resistance growing, the ground shifted fast. Affinity said it still believes there is strategic logic behind Paramount’s bid, but competition and deal structure no longer justified staying in the fight. The fund had been aligned with major international investors, including Saudi Arabia’s Public Investment Fund and other Gulf-based backers. Warner Bros. is now widely expected to reject Paramount’s offer, while regulators loom over any potential merger. The media consolidation war isn’t slowing down. It’s just getting sharper. Source: NBC, BloombergTV
2:34

🇺🇸 JARED KUSHNER’S FIRM PULLS OUT OF WARNER BROS TAKEOVER BATTLE Kushner’s private equity firm, Affinity Partners, has exited the high-stakes effort backing Paramount Skydance’s hostile takeover bid for Warner Bros, signaling a major shift in one of the biggest media fights in years. The firm confirmed it is no longer pursuing the deal, citing rapidly changing dynamics around the bid. Affinity had been part of a deep-pocketed financial group supporting Paramount Skydance CEO David Ellison’s unsolicited offer, valued at more than $108 billion, for the entire Warner Bros empire. The withdrawal comes days after Warner Bros. and Netflix announced a separate agreement that would carve out key assets, including HBO, HBO Max, and the Warner Bros film studio, effectively undercutting Paramount’s full-company play. With multiple bidders circling and boardroom resistance growing, the ground shifted fast. Affinity said it still believes there is strategic logic behind Paramount’s bid, but competition and deal structure no longer justified staying in the fight. The fund had been aligned with major international investors, including Saudi Arabia’s Public Investment Fund and other Gulf-based backers. Warner Bros. is now widely expected to reject Paramount’s offer, while regulators loom over any potential merger. The media consolidation war isn’t slowing down. It’s just getting sharper. Source: NBC, BloombergTV

Mario Nawfal

106,308 views • 7 months ago

NEW: Aiming to outmaneuver Netflix, Paramount–Skydance has launched a hostile bid for Warner Bros. We had all the key players discussing this deal and their acquisition strategies last fall at #BloombergScreentime. We're back in LA Sept. 30 & Oct. 1, 2026. Tickets on sale now 🎟️
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NEW: Aiming to outmaneuver Netflix, Paramount–Skydance has launched a hostile bid for Warner Bros. We had all the key players discussing this deal and their acquisition strategies last fall at #BloombergScreentime. We're back in LA Sept. 30 & Oct. 1, 2026. Tickets on sale now 🎟️

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16,275 views • 8 months ago

From the Desk of Anthony Pompliano 0:00 FOMC Week: Why The FED Should Cut 50bps 5:45 The Battle For Hollywood With Warner Bros, Netflix, & Paramount Enjoy!
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From the Desk of Anthony Pompliano 0:00 FOMC Week: Why The FED Should Cut 50bps 5:45 The Battle For Hollywood With Warner Bros, Netflix, & Paramount Enjoy!

Anthony Pompliano 🌪

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Netflix agreed to acquire Warner Bros Discovery's TV, film studios and streaming division for $72 billion, gaining control of a major Hollywood asset
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Netflix agreed to acquire Warner Bros Discovery's TV, film studios and streaming division for $72 billion, gaining control of a major Hollywood asset

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30,307 views • 8 months ago

Netflix struck a deal Friday to buy Warner Bros. Discovery in a $72 billion deal that would bring together two of the biggest players in television and film.
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Netflix struck a deal Friday to buy Warner Bros. Discovery in a $72 billion deal that would bring together two of the biggest players in television and film.

The Associated Press

65,912 views • 8 months ago

Paramount launching a hostile bid for Warner Bros is NOT good news. We must fight this with everything we’ve got; call your reps, protest, push for the Netflix deal. Paramount is run by the Ellison family, who proudly fund the IÐF carrying out the Gєn0c!de in Gaza. If they win, expect hoaxes + propaganda instead of the shows we actually enjoy.
0:55

Paramount launching a hostile bid for Warner Bros is NOT good news. We must fight this with everything we’ve got; call your reps, protest, push for the Netflix deal. Paramount is run by the Ellison family, who proudly fund the IÐF carrying out the Gєn0c!de in Gaza. If they win, expect hoaxes + propaganda instead of the shows we actually enjoy.

Phantom Pain

24,884 views • 8 months ago

"Our deal basically provides a significant amount of synergies in sports rights that will be able to protect those linear properties." - Paramount Skydance CEO David Ellison on why his hostile takeover offer for Warner Bros. Discovery is superior to the Netflix deal
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"Our deal basically provides a significant amount of synergies in sports rights that will be able to protect those linear properties." - Paramount Skydance CEO David Ellison on why his hostile takeover offer for Warner Bros. Discovery is superior to the Netflix deal

Awful Announcing

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Colbert on Paramount's $108 billion hostile takeover bid for Warner Bros: "Wow... If my company's got that kind of green, I'm sure they can afford to un-cancel one of their best shows..."
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Colbert on Paramount's $108 billion hostile takeover bid for Warner Bros: "Wow... If my company's got that kind of green, I'm sure they can afford to un-cancel one of their best shows..."

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"Combine Netflix with Warner Bros and you create the single biggest narrative institution on earth." Lewis Goodall on the real-life Succession battle for Warner Bros - and the future of our attention.
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"Combine Netflix with Warner Bros and you create the single biggest narrative institution on earth." Lewis Goodall on the real-life Succession battle for Warner Bros - and the future of our attention.

The News Agents

16,632 views • 8 months ago

This weekend several parties are gearing up to bid on Warner Brothers Discovery in a heated auction. This comes a full quarter century since I advised Aol in their $183 billion merger with Time Warner in the largest deal in history in 2000, a deal way ahead of its time and massively financially lopsided (in my client’s favor). Who will win the bidding for Warner Bros. – Comcast, Netflix, Skydance Paramount or a dark horse candidate? My bet is on Paramount because Comcast’s Brian Roberts is economically rational and Netflix doesn’t need it. Plus, Skydance’s David Ellison has both his dad’s cash and connections (Saudi money?) and the right political connections (Trump) to get the deal greenlit. Whoever wins the auction, one thing’s certain: the real winner is David Zaslav who bet big on a high-risk leveraged play when he convinced AT&T to merge Warner Bros. with Discovery in deal at one point had $48 billion of debt – a deal that panned out after all at a time when legacy media is in decline. Very Disco!
0:30

This weekend several parties are gearing up to bid on Warner Brothers Discovery in a heated auction. This comes a full quarter century since I advised Aol in their $183 billion merger with Time Warner in the largest deal in history in 2000, a deal way ahead of its time and massively financially lopsided (in my client’s favor). Who will win the bidding for Warner Bros. – Comcast, Netflix, Skydance Paramount or a dark horse candidate? My bet is on Paramount because Comcast’s Brian Roberts is economically rational and Netflix doesn’t need it. Plus, Skydance’s David Ellison has both his dad’s cash and connections (Saudi money?) and the right political connections (Trump) to get the deal greenlit. Whoever wins the auction, one thing’s certain: the real winner is David Zaslav who bet big on a high-risk leveraged play when he convinced AT&T to merge Warner Bros. with Discovery in deal at one point had $48 billion of debt – a deal that panned out after all at a time when legacy media is in decline. Very Disco!

Terence Kawaja

18,250 views • 8 months ago

🚨🇺🇸 NETFLIX’S $72 BILLION TAKEOVER OF WARNER BROS SHAKES HOLLYWOOD TO ITS CORE Netflix just rewrote Hollywood’s future. The streamer announced a $72 billion cash-and-stock deal to acquire Warner Bros. Discovery’s film and TV studios, HBO, HBO Max, and gaming business... its largest acquisition ever and one of the biggest in media history. The offer values Warner Bros. at $27.75 per share ($23.25 in cash and $4.50 in Netflix stock), totaling $82.7 billion when factoring in debt. It beats rival bids from Paramount Skydance and Comcast and comes with a hefty $5.8 billion breakup fee if regulators block it. Netflix co-CEO Ted Sarandos said it’s all about growth and storytelling: “We can’t stand still. We need to keep innovating and investing in stories that matter most to audiences, and that’s what this deal is all about. The combination of Netflix and Warner Brothers creates a better Netflix for the long term. It sets us up for success for decades to come. Warner Brothers has some of the best entertainment in the world, period.” The merger would unite franchises like Harry Potter, Game of Thrones, and DC under one streaming roof, while preserving theatrical releases with shorter windows. Source: CNBC, Variety, Bloomberg
1:59

🚨🇺🇸 NETFLIX’S $72 BILLION TAKEOVER OF WARNER BROS SHAKES HOLLYWOOD TO ITS CORE Netflix just rewrote Hollywood’s future. The streamer announced a $72 billion cash-and-stock deal to acquire Warner Bros. Discovery’s film and TV studios, HBO, HBO Max, and gaming business... its largest acquisition ever and one of the biggest in media history. The offer values Warner Bros. at $27.75 per share ($23.25 in cash and $4.50 in Netflix stock), totaling $82.7 billion when factoring in debt. It beats rival bids from Paramount Skydance and Comcast and comes with a hefty $5.8 billion breakup fee if regulators block it. Netflix co-CEO Ted Sarandos said it’s all about growth and storytelling: “We can’t stand still. We need to keep innovating and investing in stories that matter most to audiences, and that’s what this deal is all about. The combination of Netflix and Warner Brothers creates a better Netflix for the long term. It sets us up for success for decades to come. Warner Brothers has some of the best entertainment in the world, period.” The merger would unite franchises like Harry Potter, Game of Thrones, and DC under one streaming roof, while preserving theatrical releases with shorter windows. Source: CNBC, Variety, Bloomberg

Mario Nawfal

296,256 views • 8 months ago

Behind the scenes of Paramount's hostile takeover bid for Warner Bros. Discovery Watch the full video here:
1:05

Behind the scenes of Paramount's hostile takeover bid for Warner Bros. Discovery Watch the full video here:

The Lead CNN

27,776 views • 8 months ago

Paramount and Warner Bros. Discovery reportedly signed an agreement Friday on a $110 billion deal, a merger that will make Paramount one of the largest media empires in the world. It happened after a dramatic turn of events and after Netflix walked away from its proposal to buy out Warner Bros. Paramount could now control two key movie studios, multiple streaming platforms, major intellectual property brands, along with television and cable channels, and two of the biggest news operations on television, CBS and CNN. But this isn't a done deal yet, as it is now under investigation and awaiting regulatory approval. Geoff Bennett sat down with Roben Farzad, host of public radio's "Full Disclosure," for more.
4:34

Paramount and Warner Bros. Discovery reportedly signed an agreement Friday on a $110 billion deal, a merger that will make Paramount one of the largest media empires in the world. It happened after a dramatic turn of events and after Netflix walked away from its proposal to buy out Warner Bros. Paramount could now control two key movie studios, multiple streaming platforms, major intellectual property brands, along with television and cable channels, and two of the biggest news operations on television, CBS and CNN. But this isn't a done deal yet, as it is now under investigation and awaiting regulatory approval. Geoff Bennett sat down with Roben Farzad, host of public radio's "Full Disclosure," for more.

PBS News

12,090 views • 5 months ago

Netflix has struck a nearly $83 billion deal to acquire Warner Bros., beating out Paramount and Comcast after a bidding war. If finalized, it would unite the world’s largest streamer with one of Hollywood’s oldest studios. The move raises big questions about the future of theatrical releases and serious concerns about market concentration. Geoff Bennett speaks to Matthew Belloni for more.
4:41

Netflix has struck a nearly $83 billion deal to acquire Warner Bros., beating out Paramount and Comcast after a bidding war. If finalized, it would unite the world’s largest streamer with one of Hollywood’s oldest studios. The move raises big questions about the future of theatrical releases and serious concerns about market concentration. Geoff Bennett speaks to Matthew Belloni for more.

PBS News

24,144 views • 8 months ago

'Paramount suddenly is in a much stronger position to take over CNN and the rest of the Warner Bros. Discovery company, which includes HBO and the Warner Bros. movie studio and all those other assets.' CNN's Brian Stelter on the impact of Netflix declining to raise its offer to buy Warner Bros.
1:48

'Paramount suddenly is in a much stronger position to take over CNN and the rest of the Warner Bros. Discovery company, which includes HBO and the Warner Bros. movie studio and all those other assets.' CNN's Brian Stelter on the impact of Netflix declining to raise its offer to buy Warner Bros.

The Lead CNN

54,748 views • 5 months ago

🇺🇸 LARRY ELLISON’S SON GOES ALL-IN: $30-A-SHARE HOSTILE BID FOR WARNER BROS. DISCOVERY David Ellison just detonated Hollywood’s biggest power play of the decade. Skydance and Paramount CEO went live on CNBC to announce a $30-per-share all-cash hostile tender offer for Warner Bros. Discovery — a $41 billion equity deal valued at $54 billion enterprise-wide. He told CNBC’s Squawk Box: “We’re really here to finish what we started… Our offer is $30 a share, all cash, backed by the Ellison family, Redbird Capital, Citibank, Bank of America, and Apollo. Cash is still king.” Ellison’s move comes just three days after Netflix’s $82.7 billion cash-and-stock bid for WBD’s studios, HBO, and streaming platforms. His pitch: simplicity and certainty. He’s offering $17.6 billion more in cash than Netflix, faster regulatory clearance, and what he calls a “pro-consumer, pro-creative, pro-competition” deal. The Netflix offer, partly stock-based and excluding WBD’s global networks like CNN and HBO International, raised antitrust red flags by creating a 400-million-subscriber superstreamer. Ellison argued that combining Skydance, Paramount, and WBD would instead balance the market,“strong but not monopolistic.” Hollywood talent is reportedly cheering Ellison’s move, calling it a stand for theaters and creativity after Netflix chief Ted Sarandos’ comment that “theatrical releases aren’t essential.” Bottom line: Ellison’s “cash is king” strategy is a masterclass in corporate brinkmanship. If successful, it could mark the rebirth of studio-driven Hollywood... one where storytellers, not algorithms, take the lead. Sources: CNBC, Reuters; Bloomberg, Variety, Hollywood Reporter
3:21

🇺🇸 LARRY ELLISON’S SON GOES ALL-IN: $30-A-SHARE HOSTILE BID FOR WARNER BROS. DISCOVERY David Ellison just detonated Hollywood’s biggest power play of the decade. Skydance and Paramount CEO went live on CNBC to announce a $30-per-share all-cash hostile tender offer for Warner Bros. Discovery — a $41 billion equity deal valued at $54 billion enterprise-wide. He told CNBC’s Squawk Box: “We’re really here to finish what we started… Our offer is $30 a share, all cash, backed by the Ellison family, Redbird Capital, Citibank, Bank of America, and Apollo. Cash is still king.” Ellison’s move comes just three days after Netflix’s $82.7 billion cash-and-stock bid for WBD’s studios, HBO, and streaming platforms. His pitch: simplicity and certainty. He’s offering $17.6 billion more in cash than Netflix, faster regulatory clearance, and what he calls a “pro-consumer, pro-creative, pro-competition” deal. The Netflix offer, partly stock-based and excluding WBD’s global networks like CNN and HBO International, raised antitrust red flags by creating a 400-million-subscriber superstreamer. Ellison argued that combining Skydance, Paramount, and WBD would instead balance the market,“strong but not monopolistic.” Hollywood talent is reportedly cheering Ellison’s move, calling it a stand for theaters and creativity after Netflix chief Ted Sarandos’ comment that “theatrical releases aren’t essential.” Bottom line: Ellison’s “cash is king” strategy is a masterclass in corporate brinkmanship. If successful, it could mark the rebirth of studio-driven Hollywood... one where storytellers, not algorithms, take the lead. Sources: CNBC, Reuters; Bloomberg, Variety, Hollywood Reporter

Mario Nawfal

224,573 views • 8 months ago