In the race to acquire the rights of Warner Bros. Discovery, Paramount, a global media and entertainment powerhouse, launched a competitive bid of $108.4 billion on Monday, potentially to purchase Warner Bros. Discovery in an all-cash transaction, despite a rival Netflix offer, according to an official release on December 8, 2025.
Following Netflix, Paramount bids 108.4 billion dollars to acquire Warner Bros. Discovery.
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Paramount has proposed to pay $30 per share in cash to potentially acquire all of Warner Bros. Discovery's (WBD) outstanding shares, including the company's Global Networks division. This assesses the deal's full enterprise value at $108.4 billion.
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Paramount's proposal of $108.4 billion
In order to outbid Netflix's proposal, Skydance Corporation firm Paramount has presented a $30 per share all-cash offering, valuing Warner Bros. Discovery at $108.4 billion.
According to Mint, Netflix earlier offered a deal to acquire Warner Bros. Discovery for $72 billion. Including a US-based film studio and streaming service of HBO Max.
Is Paramount's bid superior to what Netflix offered?
Paramount's bid implies a 139% premium over Warner Bros.' stock price of $12.54 per share as of September 10, 2025. In its official release, the business also stated that Netflix's bid sets the possible takeover move at $27.75 per share, with a combination of cash and equity components, bringing Netflix stock's future performance into consideration.