How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery

Warner Bros.’ determination to favour Netflix’s $82.7 cardinal connection triggered a $108 cardinal hostile takeover bid from Paramount for the company's full slate of media assets. The Larry Ellison-backed media firm, tally by his lad David Ellison, has urged Warner shareholders to merchantability their shares to Paramount.

Don't Miss:

• These 5 entrepreneurs are worthy $223 cardinal – they each judge successful 1 level that offers a 7-9% people output with monthly dividends

• An EA Co-Founder Shapes This VC Backed Marketplace—Now You Can Invest successful Gaming's Next Big Platform

Here’s an updated timeline of what has happened truthful far—

• Dec. 22, 2025: Larry Ellison, worthy much than $240 billion, is backing Paramount's bid with a $40.4 cardinal idiosyncratic guarantee. The amended connection follows Warner's crisp disapproval of Paramount's $30-per-share proposal, which cited financing opacity and execution risk. Paramount urged shareholders to tender by Jan. 21 and raised its reverse termination interest to $5.8 billion

• Dec. 17: Warner Bros. formally rejects Paramount’s hostile bid, accusing the Ellison household of failing to enactment wealth into the deal, and concludes the Netflix connection is acold superior

• Dec. 16: President Donald Trump‘s son-in-law, Jared Kushner, whose backstage equity steadfast had promised $200 million, withdraws from Paramount's bidding team.

• Dec. 15: Netflix seeks to soothe its staff’s concerns and defends Warner Bros woody arsenic a “win”.

See Also: Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In astatine $0.50/Share.

• Dec. 10: Trump weighs in, slamming CNN arsenic a “disgrace,” and demands the quality web beryllium sold successful the deal. That aforesaid day, Paramount CEO David Ellison sent a missive to Warner Bros. Discovery shareholders offering $30 per stock successful cash, arguing Paramount and spouse RedBird Capital were champion positioned to make semipermanent value.

• Dec. 8: Paramount launches the $108 cardinal hostile bid, with Ellison saying Warner Bros ne'er responded to Paramount’s offer.

• Dec. 5: Netflix announces a woody to bargain Warner Bros.

• Dec. 1: Three bidders, Netflix, Comcast (NASDAQ:CMCSA), and Paramount, taxable elaborate offers, including details astir their financing. Comcast proposes combining its NBCUniversal media institution with Warner Bros. and HBO; Netflix improves its connection for the studios and HBO. Paramount increases its connection to $26.50 a share. Ellison’s institution had submitted respective offers earlier this.