Published by Global Banking and Finance Review
Posted on October 21, 2025
1 min readLast updated: January 21, 2026
Warner Bros Discovery rejected a nearly $60 billion buyout offer from Paramount Skydance, affecting its film and TV studios, CNN, and HBO Max.
By Dawn Chmielewski
(Reuters) -The Warner Bros Discovery board on Tuesday morning rejected a Paramount Skydance offer of nearly $24 per share to buy the company, a source familiar with the matter said.
The mostly cash offer for the Warner Bros film and television studios, cable networks including CNN, and the HBO Max streaming service is valued at slightly less than $60 billion.
Neither Warner Bros Discovery nor Paramount would comment on the offer.
(Reporting by Dawn Chmielewski in Los Angeles; Editing by Leslie Adler)
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