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Warner Bros. Rejects Paramount Skydance's $20 Offer Amid Split Plans

10/12/2025

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Summary

Story summary

Warner Bros. Discovery rejected Paramount Skydance's initial offer of about $20 per share.
Paramount Skydance, led by David Ellison, is weighing options to boost its bid or secure Apollo Global Management backing.
Netflix denied rumors of pursuing Warner Bros. for acquisition.
Netflix CEO Greg Peters emphasized sustainable growth over large mergers.
Warner Bros. plans to split into two businesses next year to increase valuation of streaming and studio operations.

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Story summary

Warner Bros. Discovery rejected Paramount Skydance's initial offer of about $20 per share.
Paramount Skydance, led by David Ellison, is weighing options to boost its bid or secure Apollo Global Management backing.
Netflix denied rumors of pursuing Warner Bros. for acquisition.
Netflix CEO Greg Peters emphasized sustainable growth over large mergers.
Warner Bros. plans to split into two businesses next year to increase valuation of streaming and studio operations.