💰 Paramount Wants to Outbid Netflix
Media company Paramount has announced the launch of a tender offer to acquire the entire U.S. media giant Warner Bros. Discovery (WBD).
The deal is valued at $108.4 billion (€93.1 billion). Paramount is offering $30.00 per WBD share in cash, representing a 139% premium to the share price prior to the announcement.
Paramount’s offer is a direct and hostile response to WBD’s recent agreement with Netflix. Earlier, Netflix offered $23.25 per share in cash plus stock (valuing the deal at $54 billion), proposing to spin off the Global Networks division. Paramount, however, seeks to acquire the entire company.
The tender offer expires on January 8, 2026.
Paramount emphasizes that its fully financed cash offer provides greater certainty and a faster path to closing compared to Netflix’s proposal, which is expected to face longer antitrust review.
