Netflix is now offering an all-cash deal to acquire Warner Bros. Discovery for $72 billion, revising its previous mixed cash and stock agreement to counter Paramount's hostile takeover attempt. The deal aims to finalize by April 2026 and includes major assets like HBO Max and WB Studios. Paramount's competing bid is for the entire company, while Netflix focuses on specific divisions.

Paramount Skydance has made a hostile bid to acquire Warner Bros. Discovery for $30 per share, backed by significant financing. This comes after losing to Netflix in a bidding war for WBD's assets, prompting Paramount to approach shareholders directly. CEO David Ellison argues their cash offer is more favorable and that their deal would face less regulatory scrutiny.

Paramount Skydance has made a new all-cash offer for Warner Bros., backed by Larry Ellison's $40.4 billion guarantee. This comes after Warner Bros. Discovery rejected their previous bid in favor of a deal with Netflix. The revised proposal aims to address concerns that led to the initial rejection.