CBS news | 13:56 09-12-2025 | Finance
Paramount Skydance has made a hostile bid to take over Warner Bros. Discovery, just after Netflix had made a part-purchase deal with the company. This move by Paramount Skydance entails a proposal to buy the entirety of Warner Bros. This proposition was directed straight to the shareholders of the Warner Bros. company.
CBS News MoneyWatch correspondent Kelly O'Grady provides additional insight into Paramount Skydance's bold bid. By offering to buy out the entire company, Paramount Skydance is taking an aggressive stand in the media landscape. Such move sends a clear message that they are determined to enhance their position and influence in the market.
This bid by Paramount Skydance comes in the wake of a deal already settled between Warner Bros. Discovery and Netflix. It is noteworthy that Paramount's move does not offer to purchase just a share of the company but aims to take ownership of the company in its entirety. This underscores the high stakes in the media industry and suggests escalating competitive behaviors among major players.
To summarize, Paramount Skydance has launched an aggressive takeover bid to acquire Warner Bros. Discovery in its entirety. This happened just as Warner Bros. had sealed a deal with streaming giant Netflix for part-ownership. The media industry has indeed become a high-stakes playing field, with Paramount's assertive move showing the lengths major industry players are willing to take to gain the upper hand.