#USA #Los Angeles #Acquisition #Warner Bros. #Paramount

Paramount's Bold Acquisition Move

On December 8, 2025, Paramount, a Skydance Corporation (NASDAQ: PSKY), announced its ambitious plan to acquire Warner Bros. Discovery, Inc. (NASDAQ: WBD) through an all-cash tender offer. This significant proposal values WBD shares at $30.00 each and highlights a robust strategy aimed at delivering immediate value to WBD's shareholders.

The Offer

Paramount's offer is not just a financial transaction; it presents a compelling alternative to a competing proposal from Netflix. Paramount claims that its proposition provides more certainty and a quicker completion timeline. The offer translates to a staggering total of $108.4 billion, significantly exceeding the Netflix valuation of $82.7 billion. This difference underlines Paramount's belief in the intrinsic value of WBD, especially the Global Networks segment that Netflix's offer fails to adequately prioritize.

Value for Shareholders

David Ellison, Chairman and CEO of Paramount, voiced that the offer is a chance for WBD shareholders to secure a clear and significant gain in cash. His strong assertion emphasized that the Netflix deal, laden with uncertain valuations and a complex mix of cash and stock, posed substantial operational risks and potential long-term liabilities. Paramount's direct cash offer, in contrast, stands as a beacon of security and immediacy for now-anxious shareholders.

Addressing Concerns

Paramount strategically moved to ensure that WBD shareholders were aware of their superior option, particularly as prior engagement attempts with WBD had yielded limited results. Paramount's public disclosure of the offer was, therefore, a decisive step to advocate for shareholders' best interests, countering what they perceived to be the WBD Board's favoring of an inferior proposal.

Ellison underscored Paramount's commitment to strengthening the creative industries through increased competition, heralding a new era where WBD and Paramount could collaborate to amplify their collective content offerings.

Financial Backing and Regulatory Assurance

This acquisition proposal is bolstered by substantial financial backing from the Ellison Family and RedBird Capital, along with solid debt commitments from notable financial institutions including Bank of America, Citi, and Apollo. Paramount expressed strong confidence in navigating the regulatory landscape efficiently, eagerly pursuing the necessary approvals to finalize the transaction.

The combination of Paramount and Warner Bros. Discovery would create a formidable media entity poised to take comprehensive strides across the global entertainment landscape. This union not only aims to enhance shareholder value but also pursue innovations that could reshape how entertainment is consumed.

Next Steps for WBD Shareholders

Paramount's offer is set to expire at 5 p.m. ET on January 8, 2026, unless an extension is granted. WDB shareholders are encouraged to weigh their options carefully, as this unprecedented move could signify a transformative shift in the industry. Detailed information surrounding the offer is available on the website dedicated to this acquisition initiative: www.StrongerHollywood.com.

As the landscape of the media and entertainment industries continues to evolve, the implications of this acquisition will be closely watched, not just by stakeholders within these companies but by audiences globally. Paramount's vision to forge a next-generation entertainment leader speaks volumes about its commitment to innovation and excellence in the creative realm.