Posted on 12/08/125 by Colin Vassallo
Paramount Skydance today announced a hostile takeover bid
for all assets of Warner Bros. Discovery in a transaction
worth $108.4 billion, more than the $82.7 billion which
Netflix offered.
The offer is going straight to shareholders, and Paramount
CEO David Ellison believes that’s the offer they will choose
when they see what’s on the table for them.
The Paramount offer is different than Netflix’s. Netflix has
bid to take over the Warner Bros. Studio, HBO Max, and HBO,
as well as all the intellectual property rights owned by the
studio. The offer does not include WBD’s cable channels
which include TNT, TBS, CNN, Discovery, and others.
Paramount is putting a bid for all the company, including
the cable channels in a bid to merge two of the largest
movie studios in the world.
WBD currently has the media rights for AEW television and
pay-per-views, with AEW shows airing on TNT, TBS, and HBO
Max.
Netflix is WWE’s media partner worldwide for all shows and
Raw in the United States while Paramount is the media rights
partner for the UFC starting next month, which is owned by
the same company that owns WWE, TKO Group.