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Paramount Skydance's hostile takeover bid for Warner Bros. Discovery at $30 a share in cash, just days after the company agreed to a deal with Netflix. The offer values Warner Bros. at $108.4 billion.
- Netflix announced on Friday, December 5, 2025, that it would acquire Warner Bros. Discovery's studio and streaming assets (including HBO and HBO Max) for $82.7 billion in enterprise value ($72 billion equity value). CNBC Netflix
- Under the Netflix deal, WBD's cable networks, including CNN, would be spun off into a separate company called Discovery Global Wikipedia.
- Paramount Skydance launched a hostile takeover bid on Monday, December 8, offering $30 per share, all-cash for the entire company, CNBC.
- Paramount's bid is backed by financing from Jared Kushner's Affinity Partners, along with sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar. Deadline.
- Trump said Netflix's deal "could be a problem" and that he would "be involved in that decision," CNBC.
- Bari Weiss was appointed editor-in-chief of CBS News in October 2025 after Paramount acquired The Free Press for about $150 million CNN
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It`s a tough time for CNN, which looks like it will be in management limbo for some time with Paramount Skydance`s hostile takeover bid of its parent company, Warner Bros.
Paramount Skydance`s David Ellison went to great lenghts try to clinch a pact for Warner Bros. Discovery with CEO David Zaslav. His six offers were rebuffed.