Companies

A New Stage in the Fight for Warner Bros. Discovery

December 17, 2025

Warner Bros. Discovery's board has formally rejected a $108.4 billion hostile takeover bid from Paramount Skydance, citing inadequate financing assurances and concerns over the legitimacy of the offer. The board recommends that shareholders reject the proposal, asserting that it is not in the best interests of the company or its investors.

A New Stage in the Fight for Warner Bros. Discovery

Key Highlights

Warner Bros. Discovery's board rejected Paramount Skydance's $108.4 billion bid.
The board claims the offer lacks adequate financing and misled shareholders about guarantees.
Paramount's offer was deemed not in the best interests of Warner Bros. Discovery and its investors.
The rejection means that the takeover bid is effectively dead, but Paramount could submit a higher offer.

Trump, Donald J Mergers, Acquisitions and Divestitures internal-storyline-no Media Warner Bros. Discovery CNN Ellison, David (1983- )Netflix Inc Paramount Global Ellison, Lawrence J Affinity Partners Kushner, Jared Hollywood (Calif)

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

A New Stage in the Fight for Warner Bros. Discovery

Key Highlights

Sources

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