Paramount Initiates Hostile Takeover of Warner Bros. Discovery

Paramount has made an aggressive move to purchase Warner Bros. Discovery, proposing an all-cash deal for the acquisition of all outstanding shares.

Shareholders of Warner Bros. Discovery stand to receive $30 per share under this proposal from Paramount, a significant 139% increase over the stock value recorded on September 10, 2025.

David Ellison, who leads Paramount as both chairman and CEO, emphasized in a public announcement that their offer is publicly available under the same terms previously shared with Warner Bros. Discovery's Board privately. Ellison asserted that their offer ensures a superior return, with expedited fulfillment and fewer uncertainties compared to the existing alternative proposal pursued by the Warner Bros. Discovery Board.

Ellison expressed concern over the rival offer's reliance on a mix of cash and stock, the unpredictable market performance of Global Networks’ cable division, and difficult regulatory hurdles. Paramount is directly engaging with shareholders, empowering them to safeguard the value of their investments by opting for a proposal that prioritizes their interests.