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Mike Cavanagh, President of Comcast Corporation attends the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. T Kevork Djansezian | Getty Images Comcast’s top brass on Monday pulled the curtain back on the company’s unsuccessful bid for Warner Bros. Discovery, detailing an offer far different from its rival bidders. … Read more
After announcing an almost-$83 billion deal to buy most of Warner Bros. Discovery on Friday, Netflix’s top brass projected calm on Monday as Paramount Skydance lobbed a hostile bid to purchase all of WBD, and investors seemed to recoil at the sheer size of Netflix’s own offer. “Today’s move was entirely expected,” Co-CEO Ted Sarandos … Read more
David Ellison at Netflix’s “America’s Team: The Gambler and His Cowboys” at The Egyptian Theatre on August 11, 2025 in Los Angeles, California. Gilbert Flores | Variety | Getty Images Paramount Skydance laid out its plan Monday to convince Warner Bros. Discovery shareholders that it’s a better buyer for the company than Netflix. The hostile … Read more
In a separate regulatory filing, Paramount disclosed that Affinity Partners, the private equity firm led by Jared Kushner, is part of the bid. It added that sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar are also participating. Affinity and the other outside financing partners have agreed to forgo any governance rights, which Paramount … Read more
Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week, which Paramount Skydance CEO … Read more
Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. Patrick T. Fallon | Afp | Getty Images This isn’t exactly what David Ellison had planned in September. Just a few months ago, the Paramount Skydance CEO sent a letter to the Warner Bros. Discovery board of … Read more
Warner Bros. Discovery has rejected three Paramount Skydance takeover offers as it fields broad buyout interest, CNBC’s David Faber reported Wednesday, citing sources. Paramount’s last offer was for just under $24 per share and comprised of 80% cash, according to Faber, who previously reported a bid could come in at between $22 and $24 per … Read more
Media and entertainment company Warner Bros. Discovery (NASDAQ: WBD) on Thursday reported financial results for the fourth quarter of 2024. Fourth-quarter revenue decreased 2% year-over-year to $10.0 billion On an ex-FX basis, Q4 revenue declined 1% during the three months Studios revenues increased 15% to $3.66 billion, while network segment revenue decreased 5% to $4.77 … Read more
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