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Dec 8, 2025 4:00 PM

'Cash Is Still King': Paramount CEO David Ellison Throws $108 Billion All-Cash Bid To WBD Shareholders

In a move that upended the media landscape, Paramount Skydance Corp. (NASDAQ:PSKY) officially launched a hostile, all-cash tender offer for Warner Bros. Discovery, Inc. (NASDAQ:WBD) on Monday. 

PSKY stock is climbing. See the real-time price action here. 

The Bid

The bid, valued at $30 per share or approximately $108.4 billion, bypasses the Warner Bros. board to appeal directly to shareholders, challenging the company's recent agreement to sell its studio and streaming assets to Netflix, Inc. (NASDAQ:NFLX).

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David Ellison, CEO of Paramount Skydance, is pitching his offer as a “superior alternative” that keeps the legendary studio intact, contrasting it with Netflix's plan to break up ...