, announcing Monday it will offer shareholders $30 per share in cash.){kind=link}
A Bold $30-Per-Share Cash Offer
Paramount has launched a hostile takeover attempt for Warner Bros. Discovery (WBD), announcing Monday it will offer shareholders $30 per share in cash. The bid represents a striking 139% premium over WBD’s September 10 closing price and arrives just days after Netflix unveiled its own massive $83 billion deal to acquire a large portion of the company.
Ellison: Offer Is ‘Superior and Certain’
Paramount CEO David Ellison said the proposal mirrors terms previously shared privately with WBD’s board but argued that directors are now entertaining an “inferior” bid. He criticized competing offers for blending cash and stock, hinging on the uncertain future of WBD’s Global Networks cable division, and facing steep regulatory challenges.
Taking the Fight to Shareholders
Framing the move as a chance for investors to “maximize the value of their shares,” Paramount is bypassing WBD leadership and appealing directly to shareholders. The aggressive step signals escalating pressure in a rapidly consolidating media landscape, with Paramount positioning its all-cash deal as the clearest and quickest path to completion.
For more on this story, stay tuned to Que Onda Magazine.