Brief by Shorts91 Newsdesk / 04:52am on 17 Dec 2025,Wednesday Business
Warner Bros Discovery's board is expected to reject Paramount's $108.4 billion takeover bid and recommend shareholders vote against the offer, potentially announcing the decision Wednesday. The company appears poised to recommit to Netflix's $72 billion cash-and-stock bid for Warner Bros' non-cable assets. Paramount CEO David Ellison countered with a $30-per-share all-cash offer for the entire company, financed by $41 billion in equity from the Ellison family and RedBird Capital, plus $54 billion in debt commitments. The winner will secure Warner Bros' extensive film and television library, including classics like Casablanca and contemporary hits like Harry Potter and Friends, along with HBO and HBO Max streaming service, a significant advantage in streaming wars. (PC: Pinterest)
