Warner Bros. Discovery has officially turned down three takeover offers from Paramount Skydance, with the final proposal valued at just under $24 per share. The move comes as both media giants continue to navigate an increasingly competitive entertainment landscape.
According to reports from CNBC and Reuters, the latest offer — composed of roughly 80% cash — was part of a series of acquisition attempts made by Paramount Skydance. Warner Bros. Discovery (WBD) confirmed it has received “unsolicited interest” from several parties and will expand its ongoing strategic review to assess all potential bids.
WBD Rebuffs Paramount Skydance Offers Amid Growing Market Interest
The rejected offers underscore WBD’s confidence in its current restructuring strategy. The company plans to split into two entities: one focused on streaming and studio operations, and another dedicated to global networks. CEO David Zaslav said the company is working to “unlock the full value” of its vast content portfolio through the review process.
Reports also noted that Netflix and Comcast were among the interested parties exploring potential deals with WBD. Shares of Warner Bros. Discovery jumped nearly 11% on Tuesday following the news and gained another 1% in early Wednesday trading, reflecting renewed investor optimism about the company’s standalone value.
Paramount Net Worth and Market Valuation in 2025
As of October 2025, Paramount Global — now operating as Paramount Skydance Corporation following its merger with Skydance Media — holds a market capitalization of approximately $18.1 billion. The figure positions it among the largest entertainment conglomerates in the United States.
Outside its media arm, other entities under the Paramount name also hold notable valuations:
- Paramount Textile PLC: $9.51 billion (as of October 20, 2025)
- Paramount Insurance PLC: $1.71 billion (as of October 17, 2025)
- Paramount Resources Ltd (Canada): $3.14 billion (as of October 2025)
- Paramount Group Inc.: $4.10 billion (as of June 2025)
These figures highlight the global diversity of companies operating under the Paramount brand name, spanning sectors from entertainment and textiles to energy and real estate. However, only Paramount Global is directly involved in the ongoing corporate negotiations with Warner Bros. Discovery.
What the Rejections Mean for Hollywood’s Media Future
The rejection of Paramount’s bids signals Warner Bros. Discovery’s intent to strengthen its position as an independent force in entertainment. Analysts suggest that WBD’s upcoming split could make each unit more agile and potentially more attractive for future partnerships or partial mergers.
Paramount Skydance, meanwhile, continues to invest heavily in content production and streaming, banking on franchises like *Mission: Impossible* and *Top Gun* to drive growth. The company’s valuation reflects investor belief in its creative assets, even amid industry-wide shifts in streaming economics and advertising revenue.
For now, both companies remain focused on strategic stability and market positioning as Wall Street watches whether consolidation pressures will eventually force a deal later in 2026.
FYI (keeping you in the loop)
Q1: What is Paramount Global’s current net worth?
As of October 21, 2025, Paramount Global’s market cap is about $18.1 billion following its merger with Skydance Media.
Q2: Why did Warner Bros. Discovery reject Paramount’s takeover offers?
WBD’s board believes its ongoing restructuring will yield greater value than the offers presented, the last of which was just under $24 per share.
Q3: Which companies have shown interest in Warner Bros. Discovery?
Reports mention Netflix and Comcast among multiple interested parties exploring potential strategic opportunities with WBD.
Q4: How is Warner Bros. Discovery restructuring its business?
The company plans to divide into two standalone entities — one for streaming & studios and another for global networks — to boost operational efficiency.
Q5: How have WBD shares responded to the takeover reports?
Shares rose nearly 11% on Tuesday and an additional 1% on Wednesday morning after reports of multiple unsolicited bids.
References
CNBC. (2025). “Warner Bros. Discovery rejected three Paramount takeover offers.” October 22, 2025.
Reuters. (2025). “WBD rejected nearly $24 per share Paramount bid as company expands review of strategic alternatives.” October 21, 2025.
Associated Press. (2025). “Paramount Skydance and WBD discussions highlight renewed Hollywood merger interest.” October 22, 2025.
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