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Warner Bros. Discovery Rejects Paramount Skydance Bid, Shares Surge

Warner Bros. Discovery Rejects Paramount Skydance Bid, Shares Surge

Author:

Global Cryptocurrency

Published:

2025-10-13 21:16:02

20

2

BTCCSquare news:

Warner Bros. Discovery (WBD) shares climbed nearly 4% in late trading after CEO David Zaslav dismissed Paramount Skydance's initial $20-per-share offer as insufficient. The proposed premium of just over $2 per share failed to impress, with Zaslav signaling willingness to negotiate only at around $30 per share.

The rejected bid appears to have been a tactical opening move, with both parties anticipating further negotiations. Warner's planned separation of its studio/streaming assets from its TV business adds strategic complexity to the potential deal.

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