Warner Bros. Discovery plans to decline Paramount Skydance's revised acquisition offer despite billionaire Larry Ellison's financing guarantees, preferring Netflix's studio deal instead.
Paramount enhances its $30 per share all-cash bid for Warner Bros. Discovery with Larry Ellison's personal guarantee and improved terms to counter Netflix's competing offer.
Warner Bros. Discovery (WBD) board unanimously rejects Paramount's $77.9B all-cash offer, citing inadequate value and funding concerns, while reaffirming support for Netflix's $72B merger proposal.
Netflix partnered with iHeartMedia to stream video versions of over 15 popular podcasts like The Breakfast Club and My Favorite Murder exclusively, starting in early 2026.
Paramount makes hostile $30 per share cash offer for Warner Bros. Discovery, challenging Netflix's approved merger deal amid regulatory concerns.
Netflix will acquire Warner Bros. Discovery in an $82.7B cash-and-stock deal, bringing HBO, major franchises, and iconic studios under Netflix’s global streaming umbrella.
