US EditionMichael Hiltzik: Paramount-Warner Fight Shows the Hostile Takeover Is Back. So Are the Egos of the Combatants
Paramount offers $30 per share with financing it calls "air tight," claiming its bid is less risky than Warner Bros. Discovery's Netflix deal, with a Jan. 8 deadline.
- On Monday, Paramount launched a $30.00 per share all-cash tender offer directly to Warner Bros. Discovery shareholders, expiring at 5:00 p.m., New York City time, on January 8, 2026.
- Framing its case, Paramount argued its offer delivers superior value and a faster, more certain path than Netflix's deal, saying it has `Paramount Has Air Tight Financing to Deliver on its Offer to You` with no financing conditions and will cooperate with regulators.
- The financing package includes $41 billion of new equity backstopped by the Ellison family and RedBird Capital, $54 billion of debt from Bank of America, Citi and Apollo, and a $5 billion regulatory reverse termination fee.
- Warner has ten days to respond, Paramount's offer stays open for at least 20 business days, and shareholders may withdraw before expiration or after February 10, 2026.
- Paramount argues Netflix's $27.75 offer values WBD at $72bn equity and $82.7bn enterprise, but warns European regulators may block due to Netflix's 51% OTT share and a 21-month outside date.
36 Articles
36 Articles
LancasterOnline
Hastings TribuneMichael Hiltzik: Paramount-Warner fight shows the hostile takeover is back. So are the egos of the combatants
If there were any doubts that hostile corporate takeovers, which went into a decline after their heyday in the 1980s, are back, the $78 billion hostile bid by Paramount for Warner Bros. Discovery should put them to rest.
Paramount Says It Has “Air Tight” Financing, Promises Faster, More Certain Approval Than Netflix In Letter To WBD Shareholders
Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.
Aspen Daily News
PARAMOUNT SENDS LETTER TO WARNER BROS. DISCOVERY SHAREHOLDERS
Reiterates why Paramount's offer will deliver WBD shareholders with superior value and a faster, more certain path to completion than the Netflix transactionEncourages shareholders to tender their shares today to register their view with the WBD Board of Directors that…
These are the main technological news of the week in America. Warner Bros. Shareholders. Discovery “Discard the Margarita” The future of the transaction for the acquisition of Warner Bros. Discovery today depends on the shareholders of WBD and the U.S. regulatory entities, after the hostile opa launched by Paramount, valued at ...
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