06:11 AM EDT, 10/22/2025 (MT Newswires) -- Warner Bros. Discovery ( WBD ) rejected a roughly $60 billion takeover offer from Paramount Skydance ( PSKY ) , Reuters reported Tuesday, citing an unidentified source familiar with the matter.

The streaming giant rejected a nearly $24 per share offer, the report said, citing a source. It has previously rejected a $20 per share offer as well, the report added, quoting two sources.

Warner Bros. and Paramount did not immediately respond to MT Newswires' requests for comment.

Shares of Warner Bros. were up more than 2% in recent Wednesday premarket activity.

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