Paramount launches hostile buyout offer for Warner/HBO/CNN. David Ellison speaking publicly on cnbc, says Warner ignored $30 all cash offer. Interview happening right now.

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  • David Ellison-run Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery.
  • Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer.
  • Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn’t plan to buy WBD’s TV networks.
  • Paramount has repeatedly argued keeping Warner Bros. Discovery whole was in the best interest of its shareholders.

Paramount Skydance
is launching a hostile bid to buy Warner Bros. Discovery
after it lost out to Netflix
in a months-long bidding war for the legacy assets, the company said Monday.

Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week, according to people familiar with the bid who asked not to be named because the details were private. The offer is backstopped with equity financing from the Ellison family and the private-equity firm RedBird Capital and $54 billion of debt commitments from Bank of America, Citi and Apollo Global Management.

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https://www.cnbc.com/2025/12/08/paramount-skydance-hostile-bid-wbd-netflix.html