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Paramount Skydance’s $108B Bid for Warner Bros. Discovery Upends Streaming Wars

Paramount Skydance’s $108B Bid for Warner Bros. Discovery Upends Streaming Wars

Author:

Global Cryptocurrency

Published:

2025-12-09 10:09:02

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BTCCSquare news:

Paramount Skydance has launched a $108.4 billion all-cash bid for Warner Bros. Discovery, eclipsing Netflix's $72 billion offer from last Friday. The $30-per-share proposal, backed by the Ellison family and RedBird Capital, sent WBD shares up 7% while Netflix fell 4%.

The MOVE disrupts Netflix's plan to split WBD into two entities. Paramount CEO David Ellison signaled willingness to increase the bid beyond $30, having previously faced rejections for lower offers. Antitrust concerns loom as the streaming industry consolidates.

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