{"id":4768,"date":"2025-12-08T22:28:01","date_gmt":"2025-12-08T22:28:01","guid":{"rendered":"https:\/\/inernews.online\/?p=4768"},"modified":"2025-12-08T22:28:01","modified_gmt":"2025-12-08T22:28:01","slug":"paramount-goes-hostile-in-its-bid-for-warner-bros-discovery-entertainment-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=4768","title":{"rendered":"Paramount goes hostile in its bid for Warner Bros Discovery | Entertainment News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>It is the same bid that Warner Brothers rejected in favour of the offer from Netflix last week.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 8 Dec 2025<\/span><span aria-hidden=\"true\">8 Dec 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>Paramount has gone hostile in its bid for Warner Bros Discovery, challenging Netflix, which reached a $72bn takeover deal\u00a0with the company just days ago.<\/p>\n<p>Paramount said on Monday that it is going straight to Warner Bros shareholders with a bid worth about $74.4bn, or $30 per share in cash. Unlike Netflix, it is also offering to buy the cable assets of Warner Bros, and asking shareholders of the company to reject the Netflix bid.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>It said its offer is worth about $18bn more than the competing bid from Netflix, which it says is based on an \u201cillusory prospective valuation\u201d of those cable assets.<\/p>\n<p>It is the same bid that Warner Bros rejected in favour of the offer from Netflix in a merger that would alter the United States entertainment landscape.<\/p>\n<p>Paramount criticised the Netflix offer, saying it \u201cexposes WBD shareholders to a protracted multi-jurisdictional regulatory clearance process with an uncertain outcome along with a complex and volatile mix of equity and cash\u201d.<\/p>\n<p>Paramount said it had submitted six proposals to Warner Bros Discovery over a 12-week period.<\/p>\n<p>\u201cWe believe our offer will create a stronger Hollywood. It is in the best interests of the creative community, consumers and the movie theater industry,\u201d Paramount Chairman and CEO David Ellison said in a statement. \u201cWe believe they will benefit from the enhanced competition, higher content spend and theatrical release output, and a greater number of movies in theaters as a result of our proposed transaction.\u201d<\/p>\n<h2 id=\"trump-influence\">Trump influence<\/h2>\n<p>On Friday, Netflix struck a deal to buy Warner Bros Discovery, the Hollywood giant behind Harry Potter and HBO Max. The cash and stock deal is valued at $27.75 per Warner share, giving it a total enterprise value of $82.7bn, including debt. The transaction is expected to close in the next 12 to 18 months, after Warner completes the previously announced separation of its cable operations. Not included in the deal are networks such as CNN and Discovery.<\/p>\n<p>But US President Donald Trump said on Sunday that the deal struck by Netflix to buy Warner Bros Discovery \u201ccould be a problem\u201d because of the size of the combined market share.<\/p>\n<p>The Republican president said he would be involved in the decision about whether the federal government should approve the $72bn deal.<\/p>\n<p>Usha Haley, a Wichita State University professor who specialises in international business strategy, said Paramount\u2019s ties to Trump are notable. Paramount CEO David Ellison is the son of longtime Trump supporter Larry Ellison, the world\u2019s second-richest person.<\/p>\n<p>\u201cHe said he\u2019s going to be involved in the decision. We should take him at face value,\u201d Haley said of Trump. \u201cFor him, it\u2019s just greater control over the media.\u201d<\/p>\n<p>In October, Paramount said it had bought the news and commentary website The Free Press and installed its founder, Bari Weiss, a conservative opinion writer, as the editor-in-chief of CBS News, saying it believes the country longs for news that is balanced and fact-based.<\/p>\n<p>It was a bold step for the television network of Walter Cronkite, Dan Rather and 60 Minutes, long viewed by many conservatives as the personification of a liberal media establishment. The network placed someone in a leadership role who has developed a reputation for resisting orthodoxy and fighting \u201cwoke\u201d culture.<\/p>\n<p>Paramount\u2019s tender offer is set to expire on January 8, 2026, unless it is extended.<\/p>\n<p>Shares of Warner Bros and Paramount jumped between 5 percent and 6 percent at the opening bell on Monday. Shares of Netflix edged lower.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is the same bid that Warner Brothers rejected in favour of the offer from Netflix last week. Published On 8 Dec 20258 Dec 2025 Click here to share on social media share2 Share Paramount has gone hostile in its bid for Warner Bros Discovery, challenging Netflix, which reached a $72bn takeover deal\u00a0with the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/4768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4768"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/4768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/2572"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}