Paramount Skydance Corp. has launched a $30-per-share all-cash hostile tender offer for Warner Bros. Discovery, valuing WBD at $108.4 billion. The bid represents a 139% premium to WBD’s undisturbed share price and is backed by financing from the Ellison family, RedBird Capital, and major banks. Paramount argues its offer provides superior value compared to WBD’s deal with Netflix, adding $18 billion more cash to shareholders. The tender offer expires January 8, 2026, unless extended, and regulatory review has been initiated. Paramount aims to expand DTC scale, strengthen networks, and grow theatrical output through the acquisition.

Read more at Quiver Quantitative: Paramount Skydance Launches $30/Share Hostile Bid for Warner Bros. Discovery, Challenging Netflix Deal