While Hollywood deals usually make headlines for their star power, the battle for Warner Bros. Discovery turned into something much bigger. Three entertainment giants fought over the company like kids arguing over the last slice of pizza, except this pizza was worth over $100 billion.
Three entertainment titans battled over Warner Bros. Discovery like children fighting for the last slice of a $100 billion pizza.
The drama started when Paramount Skydance made a bold move on December 8, 2025. They offered $30 per share for Warner Bros. Discovery, putting a massive $108.4 billion price tag on the whole company. Think of it like buying an entire amusement park instead of just the roller coaster. Their bid included everything from cable networks to streaming services.
Netflix had different ideas. They wanted specific pieces of the Warner Bros. puzzle, focusing on the studio and streaming parts. Their offer hit around $28 per share, but they weren’t interested in buying the cable networks that come with higher costs and fewer viewers these days.
Warner Bros. Discovery wasn’t impressed with the early offers, so they decided to hold an auction. It’s like when you’re selling something valuable and want to see who will pay the most. Multiple companies submitted serious bids by late November 2025, including a mystery offer from Comcast that nobody talks about publicly.
The bidding got intense quickly. Paramount had serious backing from Oracle founder Larry Ellison’s family and several investment groups. They lined up $54 billion in debt financing from major banks like Bank of America and Citigroup. That’s the kind of money that makes even billionaires nervous.
Netflix eventually won the bidding war and entered exclusive talks to buy Warner Bros.’ studio and streaming businesses. Their winning bid valued everything at $82.7 billion, with shareholders getting $27.75 per share.
But Paramount wasn’t ready to give up, launching a hostile takeover attempt even after losing the auction. If Netflix’s deal falls through, they would receive a massive $5.8 billion payout from Warner Bros. Discovery.
The whole situation shows how valuable streaming content has become. Companies are willing to spend enormous amounts of money to control the movies and shows that keep people glued to their screens. AI trading systems analyzing these massive deals can predict explosive price movements before major acquisition announcements hit the market.
