{"id":207322,"date":"2025-12-28T06:18:08","date_gmt":"2025-12-28T06:18:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/207322\/"},"modified":"2025-12-28T06:18:08","modified_gmt":"2025-12-28T06:18:08","slug":"how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/207322\/","title":{"rendered":"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery"},"content":{"rendered":"\n

The sale of HBO-owner Warner Bros. Discovery (NASDAQ:<\/a>WBD<\/a>) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc (NASDAQ:<\/a>NFLX<\/a>) and Paramount Skydance (NASDAQ:<\/a>PSKY<\/a>) battling for control.<\/p>\n

Warner Bros.\u2019 decision to favor Netflix\u2019s $82.7 billion offer<\/a> triggered a $108 billion hostile takeover bid<\/a> from Paramount for the company’s entire slate of media assets. The Larry Ellison-backed media firm, run by his son David Ellison, has urged Warner shareholders to sell their shares to Paramount.<\/p>\n

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Here\u2019s an updated timeline of what has happened so far\u2014<\/p>\n

Dec. 22, 2025: Larry Ellison, worth more than $240 billion, is backing Paramount’s bid with a $40.4 billion personal guarantee. The amended offer follows Warner’s sharp criticism 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 fee to $5.8 billion<\/p>\n

Dec. 16: President Donald Trump\u2018s son-in-law, Jared Kushner, whose private equity firm had promised $200 million, withdraws from Paramount’s<\/a> bidding team.<\/p>\n

See Also: Deloitte’s #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling \u2014 Accredited Investors Can Still Get In at $0.50\/Share.<\/a><\/p>\n

Dec. 10: Trump weighs in, slamming CNN as a \u201cdisgrace,\u201d<\/a> and demands the news network be sold in the deal. That same day, Paramount CEO David Ellison sent a letter to Warner Bros. Discovery shareholders offering $30 per share in cash, arguing Paramount and partner RedBird Capital were best positioned to create long-term value.<\/p>\n

Dec. 1: Three bidders, Netflix, Comcast (NASDAQ:CMCSA<\/a>), and Paramount, submit detailed offers, including details about their financing. Comcast proposes combining its NBCUniversal media company with Warner Bros. and HBO; Netflix improves its offer for the studios and HBO. Paramount increases its offer to $26.50 a share. Ellison\u2019s company had submitted several offers before this.<\/p>\n","protected":false},"excerpt":{"rendered":"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones,…\n","protected":false},"author":2,"featured_media":207323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[73299,146,85,46,7041,400,4523,86818,411,2223],"class_list":["post-207322","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-david-ellison","tag-entertainment","tag-il","tag-israel","tag-larry-ellison","tag-netflix","tag-paramount","tag-paramount-skydance","tag-tv","tag-warner-bros"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/207322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=207322"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/207322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/207323"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=207322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=207322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=207322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}