Paramount Skydance claims that its offer of 108.4 billion dollars for Warner Bros Discovery is superior to that made by Netflix.

Paramount argues that the cable television division of Warner Bros, essential to Netflix's offer, actually has a zero value. The Warner Bros board rejected Paramount's offer, which includes $40 billion in equity and $54 billion in debt, deeming it inadequate. Paramount claims that its all-cash offer of $30 per share is more favorable, while Netflix offers only $27.75 per share, combining cash and stock. The company warned that Netflix's offer could significantly reduce the value of shares for Warner Bros shareholders. Any potential deal will be analyzed by competition authorities in the US and Europe.