Paramount launches $108.4bn hostile bid for Warner Bros Discovery

President Trump is closely monitoring the competitive landscape as Netflix and Paramount engage in a bidding war for Warner Bros. Discovery, with Netflix recently securing a $72 billion deal to acquire the entertainment giant's studios and streaming unit.

Paramount has made a controversial bid for Warner Bros. Discovery, which includes financing from Kushner's investment firm, Affinity Partners, alongside funds from Saudi and Qatari sovereign wealth funds. This move has raised ethical concerns regarding the influence of foreign investments in U.S. media companies.

Paramount Skydance has initiated a hostile takeover bid for Warner Bros. Discovery, which places CNN and its affiliated cable networks in a state of management uncertainty. This move, announced on December 8, 2025, comes in the wake of Netflix's recent $72 billion acquisition of Warner's studios and streaming unit, highlighting a competitive landscape in the media industry.

Warner Bros. Discovery is currently at the center of a bidding war between Netflix and Paramount, with Netflix recently securing a $72 billion deal to acquire Warner's studios and streaming unit. This sale is seen as a pivotal moment for Hollywood, indicating potential consolidation and contraction in the industry.

Paramount has made a hostile bid to acquire Warner Bros. Discovery, directly appealing to shareholders and bypassing the company's leadership. This move comes shortly after Netflix secured a $72 billion deal to acquire Warner's studios and streaming unit, intensifying competition in the media landscape.

Former President Donald Trump has reignited his feud with Paramount after a recent interview with Marjorie Taylor Greene (MTG), criticizing the network for not improving its coverage of him, particularly regarding the program '60 Minutes.' He expressed dissatisfaction, claiming it remains as biased as under previous ownership.

Paramount has made a hostile bid for Warner Bros. Discovery, just days after Netflix secured a $72 billion deal to acquire Warner's studios and streaming unit. This aggressive move by Paramount highlights its ambition to expand its media portfolio amidst a rapidly changing entertainment landscape.

Paramount has made a hostile bid to acquire Warner Bros. Discovery for $108.4 billion, offering $30 per share, which surpasses Netflix's recent offer of nearly $28 per share for Warner's assets. This aggressive move comes shortly after Netflix secured a $72 billion deal for Warner's studios and streaming unit.