Warner Bros Rejects Paramount's $108.4B Bid as Risky Leveraged Buyout
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CNBC TV18•07-01-2026, 18:11
Warner Bros Rejects Paramount's $108.4B Bid as Risky Leveraged Buyout
- •Warner Bros Discovery (WBD) board unanimously rejected Paramount Skydance's (PSKY) $108.4 billion acquisition bid.
- •WBD cited the offer as a "risky leveraged buyout" due to "extraordinary amount of debt financing" and inadequate value.
- •Paramount's plan involved saddling WBD with $87 billion in debt, potentially the largest leveraged buyout in history.
- •WBD reaffirmed its commitment to Netflix's $82.7 billion deal for its film and television studio assets.
- •PSKY's financing included $40 billion from Larry Ellison and $54 billion in debt for the $108.4 billion offer.
Why It Matters: WBD rejects Paramount's debt-heavy bid, favoring Netflix's offer for its studio assets.
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