Paramount Skydance's $30 Bid for Warner Bros. Discovery
Update: 2025-12-11
Description
David Ellison, CEO of Paramount Skydance, is directly appealing to Warner Bros. Discovery shareholders to support his companys hostile takeover bid, offering thirty dollars per share in an all-cash deal. Ellison argues that Paramounts offer provides more value and a clearer path to completion than Warner Bros. Discoverys agreement with Netflix. He also highlights the undervaluation of Warner Bros. Discoverys TV networks and his personal commitment to the pursuit. Warner Bros. Discoverys board will review the offer, while two Democratic lawmakers raise national security concerns due to Paramounts backing by sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi.
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