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Paramount Sticks to $30 Offer Amid Warner Bros. Discovery's Netflix Deal

KVIA•Thursday, January 8, 2026 at 11:51 PM•CNN Newsource

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Paramount Pictures has reaffirmed its $30 per share offer for Warner Bros. Discovery (WBD), urging shareholders to reject the company's current deal with Netflix. Paramount claims its bid is more beneficial for WBD shareholders compared to the existing agreement with Netflix, which they argue undervalues WBD's assets. WBD has dismissed Paramount's offer as inadequate and risky, emphasizing that their deal with Netflix ensures greater stability. The ongoing negotiations highlight a significant power struggle in the media industry, particularly concerning valuable assets like HBO and CNN. Analysts speculate that Paramount may increase its offer to gain support, while WBD maintains its stance on the current agreement.

Key Details: • Paramount's offer remains at $30 per share for WBD. • WBD's current deal with Netflix is valued at approximately $27.42 per share. • WBD's board argues that their agreement with Netflix is the safest option for shareholders. • The dispute centers around the valuation of WBD's cable assets, including CNN. • Paramount may consider increasing its offer in the coming weeks.

media mergers paramount warner-bros netflix

People & Organizations

David EllisonWarner Bros. DiscoveryNetflixReuben MillerParamount Pictures

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