Tootfinder

Sources: during the bidding process, Paramount promised WBD that its foreign partners and Jared Kushner's fund wouldn't have any voting or governance rights (Axios)
https://www.axios.com/2025/12/11/paramount-wbd-voting-rights

Scoop: Original Paramount bid for WBD didn't exclude foreign voting rights
Paramount has now made a hostile bid after WBD accepted Netflix's offer.

Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30 per share in an all-cash deal; sources say WBD rejected the same bid last week (CNBC)
https://www.cnbc.com/2025/12/08/paramount-skydance-hostile-bid-wbd-netflix.html

Paramount Skydance launches hostile bid for WBD after Netflix wins bidding war
Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn't plan to buy WBD's TV networks.

Donald Trump on Wednesday further inserted himself into the drama around the sale of Warner Bros. Discovery,
saying he believes CNN
— one of several cable networks owned by WBD
— should be sold as part of any deal.
While the president doesn't have the power to unilaterally block a merger he doesn't like
— unless there are serious national security concerns pertaining to foreign investments
— his comments do have the ability to sway the decisions of…

Trump says CNN "should be sold" as part of WBD deal
The president said it was "imperative" that CNN gets a new owner in any transaction.

Paramount sweetens its WBD bid with a "ticking fee" worth ~$650M/quarter if the deal isn't closed by year-end and offers to fund WBD's $2.8B Netflix breakup fee (Lillian Rizzo/CNBC)
https://www.cnbc.com/2026/02/10/paramount-swee…

Sources: activist investor Ancora Holdings has built a roughly $200M stake in WBD and is planning to oppose the Netflix-WBD deal, favoring a deal with Paramount (Lauren Thomas/Wall Street Journal)
https://www.wsj.com…

The value of WBD's cable networks including CNN is a key number for Netflix and Paramount bidders; Ellison says they're worth ~$2.5B, while analysts say ~$10B (Peter Kafka/Business Insider)
https://www.businessinsider.com/warner-bros-…

Paramount says WBD's cable networks are worth $2.5 billion. Analysts say $10 billion. Who's right?
Paramount's David Ellison wants to buy all of Warner, including its cable networks. How much they're worth is a big part of his fight vs. Netflix.

Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30 per share in an all-cash deal; sources say WBD rejected the same bid last week (CNBC)
https://www.cnbc.com/2025/12/08/paramount-skydance-hostile-bid-wbd-netflix.html

Inside Paramount's new WBD bid: after six failed proposals across 12 weeks, and alleging WBD's board ignored a final offer, Paramount went hostile to buy WBD (Financial Times)
https://www.ft.com/content/e5da7064-3a46-4bab-9a6c-12ae03eead16

Sources: some WBD investors warm to David Ellison and his top team, after they were reassured that Paramount's Middle Eastern financing is secure (Rohan Goswami/Semafor)
https://www.semafor.com/article/12/09/2025/investors-warm-to-paramount…

Exclusive: Investors warm to Paramount’s bid for Warner Bros.
David Ellison and his team impressed Warner Bros. investors with their pitch — and their price tag.

A look at Netflix's funding plan for WBD: $59B of debt financing via Wall Street banks, to be eventually replaced with bonds, term loans, and revolving credit (Emily Graffeo/Bloomberg)
https://www.bloomberg.com/news/articles/20