Paramount Skydance is reportedly considering a bid to acquire Warner Bros. Discovery in a deal that would be primarily cash-based and supported by Larry and David Ellison.
According to Bloomberg, Warner Bros. Discovery has rejected Paramount's initial offer to purchase the company, which was approximately $20 per share. The company deemed this offer too low. However, the report does not clarify whether the bid included the assumption of Warner Bros. Discovery’s total debt, which stands at $35.6 billion. It is known that Paramount seeks to acquire the company in its entirety.
The report indicates that despite the rejection of the initial offer, Paramount may explore other options. This could include raising its offer, reaching out to the company’s shareholders to encourage them to endorse the deal, or seeking additional funding from outside partners.
Representatives from both Paramount and Warner Bros. Discovery have not yet commented on the report. Meanwhile, Warner Bros. Discovery is working on a planned split into two separate companies, expected to occur in spring 2026. Additionally, WBD serves as the broadcast partner for AEW, while Paramount has a deal to air UFC events on Paramount+ starting next year.
