CNBC’s David Faber reports on the latest news from Warner Bros. Discovery.
WBD rejected three Paramount takeover offers, the last for just under $24 per share, sources say
Warner Bros. Discovery
has rejected three Paramount Skydance
takeover offers as it fields broad buyout interest, CNBC’s David Faber reported Wednesday, citing sources.
Paramount’s last offer was for just under $24 per share and was comprised of 80% cash, according to Faber, who previously reported a bid could come in at between $22 and $24 per share.
Reuters on Tuesday reported WBD had rejected a bid for nearly $24 per share.
WBD said on Tuesday it had received “unsolicited interest” from multiple parties and that it would expand its strategic review process to review all bids. At the same time, the company is moving ahead with previously announced plans to separate into two entities: a streaming and studios business and a global networks business.
https://www.cnbc.com/2025/10/22/wbd-rejected-three-paramount-offers-sources.html