Warner Bros. Turns Down $108B Paramount Bid, Eyes Netflix’s $82.7B Offer Instead

Warner Bros. turns down $108b Paramount bid, and it’s turning heads in the media world. In a surprising move, Warner Bros. Discovery just told its shareholders to reject a takeover pitch from Paramount Skydance. Instead, Warner Bros. turns down Paramount bid and eyes Netflix’s $82.7b offer instead. The company made it pretty clear: that Paramount Skydance deal carries too much financial risk and doesn’t beat what Netflix has on the table.

This whole situation has put Warner Bros. Discovery, one of the biggest media giants out there with its massive library of movies and TV shows going back decades, right in the middle of a heated bidding war. Lately, two big offers have popped up, and everyone’s watching closely.

Read Next: Kenyans Can Now Subscribe to Showmax with Airtel Money

It started a few weeks ago when Netflix stepped up with a huge play, they agreed to buy a stake in Warner Bros. Discovery for $82.7 billion. Not long after, Paramount Skydance came in with $30 per share in cash to snap up the whole company. But Warner Bros. Discovery shot it down publicly.

At the heart of it, Warner Bros. turns down a $108b Paramount bid because of how they see the risks and what it means for control. The board looked over both sides carefully and said neither one skips regulatory hurdles, contrary to what some folks claimed about the Paramount Skydance offer being smoother. In the end, they figured Netflix’s plan fits better.

Netflix’s deal mixes cash and shares in their company, which means Warner Bros. Discovery shareholders get a piece of Netflix’s upside as it grows. Warner Bros. turned down Paramount bid because they see this as a smarter, more even-keeled option, especially now when media costs are climbing and people are watching stuff differently.

They also raised eyebrows about how Paramount Skydance would even pay for it. There’s a $40.65 billion equity piece tied to the deal, but no real backing from the Ellison family, even though that family’s loaded and big in tech.

Read Next: Airtel Africa Teams Up with Starlink for Satellite Phone Service Across 14 Countries

Warner Bros. turns down $108b Paramount bid and eyes Netflix’s $82.7b offer instead, which really shows how cutthroat the global media game has gotten. Big players are scrambling for top-notch content collections as old-school TV money dries up and streaming services fight over viewers. For Warner Bros. Discovery, it’s all about picking steady ground and a plan for the long haul over some flashy headline number.

So far, Paramount Skydance hasn’t said a peep publicly about the snub. Shareholders are glued to every update, regulators will poke around no matter what, and Warner Bros. Discovery’s future setup is anyone’s guess. Still, the company has laid out exactly where it stands.

Was this information useful? Drop a nice comment below. You can also check out other useful contents by following us on X/Twitter @siliconafritech, Instagram @Siliconafricatech, or Facebook @SiliconAfrica.