Paramount Skydance Corporation Launches $108 Billion All-Cash Bid for Warner Bros., Sparking Market Rally
Paramount Skydance Corporation (PSKY) has upended the media landscape with a $108.4 billion all-cash offer for Warner Bros. Discovery (WBD), sending its stock soaring 6.4% to $14.22. The $30-per-share bid trumps Netflix's earlier $72 billion cash-and-stock proposal, igniting a fierce takeover battle that has propelled WBD shares over 7% higher.
The audacious move WOULD unite Paramount+, HBO Max, and major studio assets under one roof, creating a streaming and content powerhouse. Paramount argues its all-cash structure presents fewer regulatory hurdles than Netflix's mixed offer—a strategic play as antitrust scrutiny intensifies across Big Tech acquisitions.
Market reactions suggest investors anticipate a bidding war. The proposed merger would consolidate premium IP libraries including DC Comics, Harry Potter, and Mission: Impossible franchises, potentially reshaping competitive dynamics against Disney and Amazon in the streaming wars.