12:30 PM EST, 12/08/2025 (MT Newswires) -- Paramount Skydance ( PSKY ) launched a hostile bid for Warner Bros. Discovery ( WBD ) at $30 a share, pitching it as a "superior" and more certain alternative to Netflix's ( NFLX ) offer.

The media and entertainment company said Monday that its cash tender offer values Warner Bros. at $108.4 billion.

Streaming service provider Netflix ( NFLX ) has agreed to acquire Warner Bros., which operates the HBO Max streaming service, in a cash-and-stock deal worth $27.75 per share, the two companies said Friday.

Paramount claimed that the Netflix ( NFLX ) transaction "offers inferior and uncertain value and exposes WBD shareholders to a protracted multi-jurisdictional regulatory clearance process with an uncertain outcome along with a complex and volatile mix of equity and cash."

Shares of Paramount were up 7.7% in Monday trading, while Warner Bros. jumped 4.1%. Netflix ( NFLX ) shares fell 4%.

"WBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company," Paramount Chief Executive David Ellison said. "Our public offer, which is on the same terms we provided to the Warner Bros. Discovery ( WBD ) board of directors in private, provides superior value, and a more certain and quicker path to completion."

Analysts are uncertain on the Netflix-Warner Bros. deal receiving regulatory approval, with Wedbush Securities saying on Monday that the Department of Justice will likely reject the proposed transaction "without concessions on pricing and industry standards."

US President Donald Trump reportedly said Sunday that the Netflix ( NFLX ) deal "could be a problem" given an already big market share of the streaming company.

Paramount said its offer covers the entire Warner Bros., including the global networks segment. Warner Bros. and Netflix ( NFLX ) did not reply to MT Newswires' requests for comment.

Paramount's tender offer is scheduled to expire on Jan. 8, unless extended.

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