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BumRushDaShow

(165,175 posts) Tue Dec 16, 2025, 05:10 PM Dec 16

Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say

Source: Yahoo! Finance/Reuters

Tue, December 16, 2025 at 4:28 PM EST 1 min read

Dec 16 (Reuters) - Warner Bros Discovery's board could announce a decision as early as Wednesday on Paramount Skydance's $108.4 billion takeover bid, with the board ‌likely to advise shareholders to vote against the offer, according to sources familiar with ‌the matter.

The decision to recommit to Netflix's buyout offer would mark the latest twist in the race for assets that include Warner Bros' storied film and TV studio, and its extensive film and television ⁠library, whose portfolio includes ‌classics ranging from "Casablanca" and "Citizen Kane" to contemporary favorites like "Harry Potter" and "Friends," HBO and the HBO Max streaming service.

A ‍Warner Bros Discovery spokesman declined to comment.

The winner will gain a big advantage in the streaming wars by locking up a deep content library that has long been an acquisition target. Netflix earlier this month emerged victorious ‌with a $27 cash-and-stock bid for Warner Bros' non-cable assets. Paramount CEO David Ellison then went directly to Warner Bros' shareholders with a $30-a-share, all-cash bid for the whole company.

Read more: https://finance.yahoo.com/news/warner-bros-likely-reject-108-212841241.html

8 replies

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Highlight:

Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say (Original Post) BumRushDaShow Dec 16 OP

Is that a better offer?........... Lovie777 Dec 16 #1

The price difference BumRushDaShow Dec 16 #2

Well now... Ollie Garkie Dec 16 #3

Larry Ellison will run Paramount into the ground mdbl Dec 16 #4

Ellison would have over leveraged his assets buying Warner bros kimbutgar Dec 16 #5

Even without that, they will continue to lose viewers and advertisers mdbl Wednesday #8

My guess is sabbat hunter Wednesday #6

Since 45 "controls the process" BumRushDaShow Wednesday #7

Lovie777

(21,578 posts)

1. Is that a better offer?...........

Reply to BumRushDaShow (Original post)

Tue Dec 16, 2025, 05:15 PM

Dec 16

re Netlix............

BumRushDaShow

(165,175 posts)

2. The price difference

Reply to Lovie777 (Reply #1)

Tue Dec 16, 2025, 05:52 PM

Dec 16

is that Warner wants to spin off CNN as separate (and I guess that entity would put itself up for bid) and have Netflix buy the rest and Paramount wants ALL of it together, including CNN, so they can make it worse than it is now.

Ollie Garkie

(332 posts)

3. Well now...

Reply to BumRushDaShow (Original post)

Tue Dec 16, 2025, 06:29 PM

Dec 16

if we absolutely must have another one of these evil fucking mergers, then I certainly prefer that Netflix take over instead of Paramount with Larry Ellison heading it up.

mdbl

(8,020 posts)

4. Larry Ellison will run Paramount into the ground

Reply to BumRushDaShow (Original post)

Tue Dec 16, 2025, 08:32 PM

Dec 16

I guess Warner doesn't want that to happen to them.

kimbutgar

(26,689 posts)

5. Ellison would have over leveraged his assets buying Warner bros

Reply to mdbl (Reply #4)

Tue Dec 16, 2025, 10:46 PM

Dec 16

mdbl

(8,020 posts)

8. Even without that, they will continue to lose viewers and advertisers

Reply to kimbutgar (Reply #5)

Wed Dec 17, 2025, 12:35 PM

Wednesday

Unless the Fux Nooze crowd all migrate over there.

sabbat hunter

(7,083 posts)

6. My guess is

Reply to BumRushDaShow (Original post)

Wed Dec 17, 2025, 08:51 AM

Wednesday

that Netflix will have to spin off HBO in order to pass regulator muster.

BumRushDaShow

(165,175 posts)

7. Since 45 "controls the process"

Reply to sabbat hunter (Reply #6)

Wed Dec 17, 2025, 09:00 AM

Wednesday

this might NEVER happen at all unless they go to court.

Paramount-Skydance would most likely NOT have to spin off HBO Max (where "Max" was the old Cinemax that was taken over by HBO), nor spin off CNN (what Paramount-Skydance really wants, in order to make an OAN out of it, more so than it is already).

But WB wants to remove CNN from their portfolio and let it sink or swim on its own before any sale of the rest of their stuff.

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