Paramount didn’t have it and is very happy with Netflix hitting a debt of $ 82.7 billion to buy most of Warner Bros. Discovery (WBD). Now, Paramount is making a bid softening bid for WBD. It is making its pitch directly to WBD shareholders with a cash offer of $30 per share that expires on January 8.
Late last week, the WBD board specifically accepted Netflix’s offer of $27.75 per share. That breaks down to $23.25 per share in cash and another $4.50 per share in Netflix Stock. Netflix’s total BID is valued at $82.7 billion, while Paramount’s is worth $108.4 billion.
There are significant differences when it comes to paramount rendering, as is the case with all WBD. The latter is scheduled to split into two companies next year. Netflix only wants commercial broadcasts from WBD business studios, including HBE max and Warner Bros. film.
Paramount is behind the whole shebang, including the WBD (world networks) cable channels. “WBD’s Board of Directors’ transaction of the Netflix transaction over Paramount’s offer is based on Impuli’s existing valuation of the business-backed business,” Paramount released in a press release on Monday.
As of the end of September, WBD held $34.5 billion in senior debt. It is planned to tie up a global network company (AKA Discovery Global) and others. The Pharamou offer includes financing from the Ellison family and redbird capital, but it will take more debt to secure the WBD deal. The BID includes “60 billion in loans from Bank of America, Citi and Apollo.” (APOLLO owns a majority stake in Yahoo, Engadget’s parent company).
In a letter sent to WBD CEO David Zazlav before the company accepted Netflix’s offer, Paramoous questioned the “goodness and adequacy” of the sales process. It questioned whether WBD was acting in the best interest of shareholders after the management team appeared to be eyeing the Netflix offer.
“Apart from submitting six proposals over the course of 12 weeks, WBD has never meaningfully engaged with these proposals that we believe bring the best outcome for WBD’s shareholders,” said Paramou. “Paramoust has now taken direct action from WBD’s shareholders and its Board of Directors to ensure that they have the opportunity to pursue this clearly superior.”
Paramount – Where Skydance bought $ 8 billion this year – and says that its offer may face a little scrutiny which is to investigate one after another in 2026. In accordance with CNBCCongressional officials believe that the company’s small size and cozy relationship with the Trump administration will help move the regulatory process along. Last weekend, President Donald Trump said Netflix’s bid for WBD “has to go through the process, and we’ll see what happens. But it could be a problem.”
