Paramount Launches Sh*ck Hostile Bid To Snatch Warner Bro’s Discovery From Netflixs $72B Grip

Paramount has intensified its pursuit of Warner Bros Discovery with a hostile acquisition bid, escalating a corporate showdown that now challenges Netflix’s recently revealed $72 billion takeover plan. According to Ireporter Online, the entertainment giant announced on Monday that it intends to appeal directly to Warner Bros Discovery shareholders with an offer of $30 per share in cash for the entire company, including its Global Networks division.

This aggressive move follows Paramount’s earlier call for shareholders to dismiss the agreement struck with Netflix. Warner Bros Discovery previously rejected the same proposal from Paramount, opting instead for Netflix’s offer—an outcome analysts say could significantly reshape the U.S. entertainment landscape.

Paramount’s Chairman and CEO, David Ellison, sharply criticised Netflix’s deal, arguing that it exposes Warner Bros Discovery investors to a prolonged and uncertain regulatory approval process across multiple jurisdictions. He noted that Paramount has presented six proposals over the past 12 weeks, insisting that its offer better supports the long-term interests of the creative sector and strengthens Hollywood’s competitive landscape.

Ellison maintained that the merger under Paramount would boost creative output, increase content investment, and lead to a larger volume of theatrical releases benefiting consumers, the film industry, and cinema operators.

Netflix, on December 6, sealed its agreement to acquire Warner Bros Discovery—the studio behind major franchises such as Harry Potter and the HBO Max platform. The cash-and-stock offer stands at $27.75 per share, giving the company an enterprise valuation of $82.7 billion, including debt obligations. The deal is expected to be finalized within 12 to 18 months, following Warner Bros Discovery’s planned divestment of its cable assets. Major networks including CNN and Discovery are excluded from the sale.

Reacting to the unfolding situation, U.S. President Donald Trump commented that Netflix’s acquisition “could be a problem,” citing concerns about the combined company’s market dominance. He stated that he will play a role in determining whether federal regulators should approve the transaction.