Ellison-backed Paramount makes aggressive $108 billion offer for Warner
Paramount, led by CEO David Ellison, has entered the race for Warner Bros., offering a significantly higher bid than Netflix.
Paramount Global has decided to raise the stakes in the battle to acquire Warner, proposing a $108 billion all-cash deal that would include HBO’s parent company, Warner Bros. Studios, CNN, and other major assets.
The offer far exceeds the $83 billion deal announced last Friday by Netflix and Warner, although that agreement covers only the streaming service and Warner’s studios. If the Netflix deal goes through, CNN and other cable channels would be spun off.
Oracle co-founder Larry Ellison — one of the world’s wealthiest individuals — and his son David, a film producer and founder of Skydance Media, acquired Paramount this summer. A merger with Warner would allow them to build a Hollywood powerhouse capable of competing with Netflix, already the world’s largest streaming platform.
When politics fails?
In his push to expand his media empire, Larry Ellison — a supporter, informal adviser, and friend of Donald Trump — sought political backing by appointing Trump-aligned figures to key positions. Yet judging by Trump’s recent criticism of Paramount, that political shield appears to have been neutralized by Netflix.
Meanwhile, Netflix co-CEO Ted Sarandos told investors he expected a counteroffer from Paramount and was not concerned. The deal, he said, is already done. The intrigue continues to grow as the story develops.
As we wrote, Netflix enters exclusive talks to acquire Warner Bros. Studios and HBO Max
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