UPDATE: Paramount has just announced a hostile bid to acquire Warner Bros. Discovery (WBD), offering an all-cash deal of $30 per share. This proposal represents a staggering 139% premium over WBD’s stock price as of September 10, 2025.
In a bold move, Paramount’s chairman and CEO, David Ellison, stated, “Our public offer, which is on the same terms we provided to the Warner Bros. Discovery Board of Directors in private, provides superior value.” Ellison criticized WBD’s current proposal, claiming it exposes shareholders to a “mix of cash and stock” and poses an uncertain future for the company’s Global Networks cable business.
This aggressive bid comes at a crucial time, as Paramount aims to give WBD shareholders a chance to act in their best interests and maximize the value of their investments. Ellison emphasized the urgency of the situation, stating that Paramount’s offer provides a “more certain and quicker path to completion.”
The implications of this bid are significant. Should Paramount succeed, it could reshape the landscape of the entertainment industry. WBD shareholders are now faced with a pivotal decision that could impact their financial futures.
As this story develops, all eyes will be on the response from Warner Bros. Discovery’s Board of Directors and its next steps. Will they accept this lucrative offer, or will they continue to pursue their current strategy? Stay tuned for updates on this unfolding situation, which is set to influence market dynamics and investor sentiment in the coming days.
This is a breaking news story. Check back for the latest developments.
