🛒🫷 WBD rejects Paramount bid

WBD management considered the offered price (approximately $20 per share) to be below the company’s true value, especially considering the future strategy to split the business into two directions (which is expected to be completed in 2026).

The offer came after David Ellison became the new owner of Paramount Global. The deal was viewed as the first step towards a potentially major consolidation in the US media market.

The acquisition was intended to cover all of WBD’s key assets: Warner Bros. film studio, the HBO Max streaming service, CNN and CBS News channels, as well as the Superman and The Matrix franchises.

WBD’s rejection may trigger a new round of negotiations. Analysts expect Paramount to either raise its bid or approach WBD shareholders directly.

Following this news, WBD shares rose in trading, as investors anticipate further interest in its assets.