# @pcmag on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DSA2QWuD0Za
- **Gondola URL:** https://gondola.cc/posts/37668780-pcmag-instagram
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- **Posted:** 2025-12-08T18:53:56.000+00:00
- **Account Owner:** PCMag (@pcmag) — https://gondola.cc/pcmag

## Caption

The Warner Bros. acquisition drama is heating up. After Netflix announced that it would acquire the studio for $82.7 billion on Friday, Paramount-Skydance has submitted its own hostile bid.

President Trump, meanwhile, suggested this weekend that the resulting "very big market share...could be a problem" for Netflix.

This morning, Paramount offered Warner Bros. Discovery (WBD) shareholders $30 per share, bringing the total deal value to $108.4 billion. However, Netflix's offer doesn't include all WBD assets, while Paramount wants the "entirety of WBD, including the Global Networks segment."

For Netflix's offer to proceed, WBD's cable networks must spin off into a separate publicly traded company by Q3 2026. Netflix also needs regulatory and WBD shareholder approval. Paramount argues that Netflix's deal is unlikely to be approved, whereas its own should go through.

"Netflix transaction provides WBD shareholders with inferior and uncertain value, a protracted and uncertain multi-jurisdictional regulatory clearance process, a complex and volatile mix of equity and cash, and ownership of Global Networks as a standalone overleveraged company whose future trading value is uncertain," Paramount claims.

On the red carpet at the Kennedy Center Honors this weekend, President Trump said he would "be involved" in the merger approval process. He suggested that the combined market share of Netflix-WBD "could be a problem," but had warm words for Ted Sarandos, co-CEO of Netflix, who met with Trump in the Oval Office last month. "He's fantastic," Trump told the press.

Still, Trump is also friendly with billionaire Larry Ellison, whose son David Ellison is now CEO of Paramount-Skydance.

#netflix #warnerbrosdiscovery #hbomax  #paramount #streaming #trump

📸: Getty Images
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## Tags

netflix, warnerbrosdiscovery, paramount, trump, streaming, hbomax

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