Paramount Skydance launches bid to snatch Warner Bros from Netflix

Forgot password? | Register

Cinema Online Singapore
...Your Movie Partner

Forgot your password?

MENU

Showtimes

News

Paramount Skydance launches bid to snatch Warner Bros from Netflix

Writer: Heidi Hsia

Paramount Skydance launches bid to snatch Warner Bros from Netflix

Paramount Skydance launches bid to snatch Warner Bros from Netflix

9 Dec - Just as Netflix announced its acquisition of Warner Bros' studios and streaming assets, Paramount Skydance is going for it yet again, this time with a hostile bid for all of Warner Bros.

The David Ellison-run company, in a last-ditch effort to outbid the streamer, is offering an all-cash of USD 30 per share offer to Netflix's USD 27.75 per share.

"We're really here to finish what we started. We put the company in play," said Ellison.

"Our public offer, which is on the same terms we provided to the Warner Bros. Discovery Board of Directors in private, provides superior value, and a more certain and quicker path to completion. We believe the WBD Board of Directors is pursuing an inferior proposal."

Paramount Skydance counters Netflix's deal for Warner Bros

Paramount Skydance counters Netflix's deal for Warner Bros

It is noted that Paramount Skydance has started bidding for Warner Bros Discovery back in September by submitting three bids. This was before Warner Bros Discovery decided to launch a formal sale process that brought in other interested parties including Netflix.

It was back on 5 November that Netflix announced a deal to acquire their studio and streaming assets for a combination of cash and stock, valued at USD 72 billion.

In a statement released to the media, Warner Bros Discovery said it will review the offer and make a recommendation to shareholders "within 10 business days".

Netflix previously announced its plan of acquisition of WBD

Netflix previously announced its plan of acquisition of WBD

Cinema Online, 09 December 2025

Latest Trailers:

Check out all the latest movie trailers here.

Related Links:

Netflix wins bid to acquire Warner Bros Discovery's studio and streaming assets

Netflix wins bid to acquire Warner Bros Discovery's studio and streaming assets
Streaming giant secures iconic franchises including Harry Potter, DC Comics and Game of Thrones

Netflix reassures subscribers "Nothing is changing" following Warner Bros acquisition

Netflix reassures subscribers "Nothing is changing" following Warner Bros acquisition
The two platforms will remain separate until transaction closes

Netflix eyeing on acquiring Warner Bros Discovery?

Netflix eyeing on acquiring Warner Bros Discovery?
The rumour sparked following previous reports that billionaire David Ellison plans to buy the studio

Netflix expands into dining with new Las Vegas restaurant

Netflix expands into dining with new Las Vegas restaurant
Netflix brings binge-worthy shows to your plate in a culinary extravaganza

Warner Bros Discovery wants to focus on more big franchises

Warner Bros Discovery wants to focus on more big franchises
This could mean more Harry Potter, more Lord of the Rings, more Game of Thrones sequels and spinoffs

Warner Bros Discovery says no to Paramount Skydance offer

Warner Bros Discovery says no to Paramount Skydance offer
The WBD board recommends rejecting Paramount over and says Netflix's deal is superior

Warner Bros Discovery says no to Paramount Skydance. Again.

Warner Bros Discovery says no to Paramount Skydance. Again.
This is the eighth takeover bid that WBD has rejected from PSKY

Paramount is suing Warner Bros Discovery over Netflix deal

Paramount is suing Warner Bros Discovery over Netflix deal
The company wants "transparency" on the deal between WBD and Netflix after 8th rejection

Netflix turns away from Warner Bros merger amid Paramount pressure

Netflix turns away from Warner Bros merger amid Paramount pressure
The streamer says that the deal is no longer financially attractive to them

Huge layoffs expected following Paramount- Warner Bros official merger

Huge layoffs expected following Paramount- Warner Bros official merger
David Ellison reveals in his memo to employees that they will have to make "difficult decision" concerning workforce

Netflix co-CEO shares why they walk away from Warner Bros. Discovery bid

Netflix co-CEO shares why they walk away from Warner Bros. Discovery bid
Ted Sarandos says Netflix wants the asset, but does not need it enough to fork out ridiculous amount

USD 111 billion takeover merges Paramount Skydance & Warner Bros under the name Skydance

USD 111 billion takeover merges Paramount Skydance & Warner Bros under the name Skydance
Paramount Skydance CEO David Ellison calls it "a historic day" for the industry

Stars and creatives issue open letter against Paramount - Warner Bros merger

Stars and creatives issue open letter against Paramount - Warner Bros merger
Among signatories include Mark Ruffalo, Joaquin Phoenix, Cynthia Nixon, JJ Abrams, Yorgos Lanthimos

Paramount CEO wants to combine Paramount+ and HBO Max

Paramount CEO wants to combine Paramount+ and HBO Max
The plan is to combine both assets into one direct-to-consumer streaming service

Mark Ruffalo gets Hollywood Jewish backing amid Paramount merger row

Mark Ruffalo gets Hollywood Jewish backing amid Paramount merger row
Hannah Einbinder, Joaquin Phoeniz, Jonathan Glazer among those who signed the letter supporting the actor

Latest News:

Fox picks Malaysia's Tasik Kenyir as first international production hub for "Extracted"

Fox picks Malaysia's Tasik Kenyir as first international production hub for "Extracted"
The reality survival show gets first overseas production hub in Malaysia

Selma Blair arrested after alleged altercation with flight attendants

Selma Blair arrested after alleged altercation with flight attendants
The actress reportedly punched a flight attendant and bit another on board a flight

"Miami Vice '85" announces production with first look photos

"Miami Vice '85" announces production with first look photos
Austin Butler and Michael B. Jordan appear as Sonny Crockett and Ricardo Tubbs

"The Social Reckoning" fails to secure top spot on opening weekend

"The Social Reckoning" fails to secure top spot on opening weekend
The "Social Network" sequel did not enjoy the same debut success as the 2010 original

Rajinikanth still identifies as a bus conductor at heart

Rajinikanth still identifies as a bus conductor at heart
The superstar still thinks of the 5-year stint he had on the job prior to becoming a star

Autopsy confirms Nana Patekar's death from heart attack

Autopsy confirms Nana Patekar's death from heart attack
The veteran star passed away from acute myocardial infarction on 8 October

See All News

Showtimes