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Paramount counters Netflix with cash bid for Warner Bros. Discovery

Variety and Tech

08-12-2025 | 10:34

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Paramount counters Netflix with cash bid for Warner Bros. Discovery

Paramount launched an all-cash tender offer Monday to acquire Warner Bros. Discovery for $30 per share, challenging a previously announced deal between WBD and Netflix.

The offer values the entertainment giant at $108.4 billion and represents a 139 percent premium over WBD's September stock price of $12.54, Paramount said in a statement that called Netflix's bid "inferior and uncertain."

"WBD shareholders deserve an opportunity to consider our superior all-cash offer," said David Ellison, chairman and CEO of Paramount.

AFP

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