05:22 PM EST, 12/10/2025 (MT Newswires) -- Paramount Skydance ( PSKY ) said Wednesday it has sent a letter to Warner Bros. Discovery ( WBD ) shareholders explaining why its $30 per share all-cash offer to buy WBD is allegedly "superior" to the deal with Netflix ( NFLX ) .

Paramount's offer is "financially superior to Netflix's ( NFLX ) transaction, which provides WBD shareholders with lower value, less cash and significantly less certainty," Paramount Skydance ( PSKY ) CEO David Ellison said in the letter.

The cash component of Netflix's ( NFLX ) offer is about $18 billion lower than Paramount's, or about $7 per share, Ellison said, adding Paramount has already "lined up all necessary financing" for its offer.

Paramount's offer will be financed by $41 billion of new equity backstopped by the Ellison family and RedBird Capital, as well as $54 billion of debt commitments from Bank of America ( BAC ) , Citi (C) and Apollo (APO), the letter said.

Netflix ( NFLX ) didn't immediately respond to a request for comment by MT Newswires.