announced<\/a> on Monday and values WBD at an enterprise value of about $108 billion. Paramount said the proposal includes the company\u2019s Global Networks division and is backed by equity commitments from the Ellison family and RedBird Capital, along with $54 billion in fully committed debt financing from Bank of America, Citi and Apollo. <\/p>\n\n\n\nThe company said its bid provides approximately $18 billion more in cash to WBD shareholders than the consideration included in the Netflix agreement.<\/p>\n\n\n\n
Netflix co-CEO Ted Sarandos said the competing offer was anticipated. Speaking at a financial conference in New York, he said Netflix remains \u201csuper confident\u201d that its previously approved transaction with WBD will proceed.<\/p>\n\n\n\n
Paramount said its all-cash structure avoids what it described as a lengthy and uncertain regulatory process tied to the Netflix proposal, which includes both cash and stock. The company said it is \u201chighly confident\u201d in securing approvals for its own offer and argued that its proposal would not leave WBD shareholders with a separate, heavily leveraged networks business.<\/p>\n\n\n\n
The competing bids follow comments from President Donald Trump on Sunday, when he noted potential concerns about Netflix\u2019s market share in a future merger review. Trump said he would be involved in evaluating the transaction and described the company\u2019s size as a possible issue.<\/p>\n","protected":false},"excerpt":{"rendered":"
Paramount has issued a $30-per-share all-cash tender offer to acquire Warner Bros. Discovery (WBD), saying its proposal provides greater value and more certainty than the previously announced Netflix deal, according to the company. Paramount said it intends to take the offer directly to WBD shareholders. The offer was announced on Monday and values WBD at […]<\/p>\n","protected":false},"author":7,"featured_media":62275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[4077,4076,4078,3957],"class_list":["post-62274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mergers-acquisitions","tag-netflix","tag-paramount","tag-warner-bros"],"yoast_head":"\n
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The offer was announced on Monday and values WBD at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bnonews.com\/index.php\/2025\/12\/paramount-makes-108-billion-offer-for-warner-bros-discovery-challenging-netflix\/\" \/>\n<meta property=\"og:site_name\" content=\"BNO News\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/bnonews\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-09T01:03:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-09T01:06:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bnonews.com\/wp-content\/uploads\/2025\/12\/20251208ParamountWarnerBros.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carlos Robles\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bnonews\" \/>\n<meta name=\"twitter:site\" content=\"@bnonews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carlos Robles\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bnonews.com\/index.php\/2025\/12\/paramount-makes-108-billion-offer-for-warner-bros-discovery-challenging-netflix\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bnonews.com\/index.php\/2025\/12\/paramount-makes-108-billion-offer-for-warner-bros-discovery-challenging-netflix\/\"},\"author\":{\"name\":\"Carlos Robles\",\"@id\":\"https:\/\/bnonews.com\/#\/schema\/person\/0a2ca734b9c5688c0e2d40fe6f33add1\"},\"headline\":\"Paramount makes $108 billion offer for Warner Bros. 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