Paramount launches hostile bid for Warner Bros, challenging Netflix deal

(Image: Getty)

Tue, 09 Dec 2025

By Scott NoverParamount Skydance launched a hostile bid Monday to buy Warner Bros. Discovery, mere days after Netflix struck a US$83 billion (NZ$143.7b) deal to acquire the media conglomerate.Paramount Skydance, which took shape this year under CEO David Ellison, said it would be bringing an all-cash offer directly to Warner Bros. Discovery shareholders.The unsolicited bid, whose financial backers include President Donald Trump’s son-in-law Jared Kushner, is for the entire company, including CNN and other cable networks that were to be sp...

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