Behind Paramount's Hostile $108 Billion Bid For Warner Bros Discovery Was— Unanswered Texts?

Benzinga

Paramount Skydance escalated to a hostile $108.4B bid for Warner Bros. Discovery after months of unanswered proposals, arguing its fully financed $30-per-share offer is superior to WBD’s agreement with Netflix. Paramount says WBD rejected stronger terms and chose a deal with higher regulatory risk.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Paramount Skydance launched a hostile $108.4 billion bid for Warner Brothers Discovery

00:08after the company did not respond to six proposals over 12 weeks, according to Benzinga.

00:13A regulatory filing detailed a timeline of merger talks dating back to 2023,

00:18including multiple rejected bids and concerns raised by Warner Brothers about financing and

00:23non-U.S. investors. Paramount's bids increased in value and culminated in a fully financed

00:28$30 per share proposal that it argued was superior to Warner Brothers' agreement with Netflix.

00:34Paramount said Warner Brothers refused to engage and instead chose what it described as a financially

00:39inferior deal with greater regulatory risk and a longer path to closing.

00:43For all things money, visit Benzinga.com.

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