Warner Bros. Discovery Rejects Paramount’s Bid Again, Calls it a ‘Leveraged Buyout’

Warner Bros. Discovery Rejects Paramount’s Bid Again, Calls it a ‘Leveraged Buyout’

Warner Bros. Discovery Rejects Paramount’s Revised Bid, Citing “Leveraged Buyout” Risks Warner Bros. Discovery (WBD) has once again turned down a blockbuster acquisition offer—from Paramount Skydance—citing serious concerns over debt, financial risk, and long-term stability. In a sharp public rebuke issued Wednesday, WBD’s board unanimously rejected Paramount’s revised $108.4 billion all-cash proposal, labeling it a “leveraged buyout” that would saddle the combined entity with $87 billion in debt. The move intensifies an already high-stakes Hollywood power struggle, as WBD doubles down on its previously announced $82.7 billion deal with Netflix for its film and TV studio assets. Credit: Victor J. Blue/Bloomberg / Getty Images Why WBD Prefers Netflix Over Paramount At the heart of WBD’s decision is a stark contrast in deal structures. Netflix’s offer combines cash and stock, offering WBD shareholders a more stable, long-term partnership with a streaming giant that’s already investing heavi…