Paramount Makes Hostile Bid For Warner Bros. Discovery

NEW YORK (AP) — Warner Bros. Discovery’s friendly agreement to sell itself to Netflix just got upended by a hostile actor. Paramount made Warner shareholders a higher offer on Monday and touched off what is likely to be a lengthy fight in the latest episode of media industry consolidation. Paramount’s all-cash offer is worth about $74.4 billion, while Netflix agreed to buy Warner for $72 billion in cash and stock. Both offers will face regulatory scrutiny, and President Donald Trump has promised to weigh in. Shareholders have until Jan. 8, 2026, to vote on Paramount’s offer.