Warner Bros. Discovery rejects Paramount takeover bid as too low
David Ellison’s Paramount Global, backed by Skydance Media, is reportedly exploring higher offers and financial partner support after its initial $20-per-share approach was dismissed
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Published: Oct 13, 2025 8:52 AM | 1 min read
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Warner Bros. Discovery has rejected an initial takeover bid from Paramount Global and Skydance Media, telling the suitor that the offer was too low, Bloomberg News reported over the weekend.
According to people familiar with the matter, the Warner Bros. Discovery board recently dismissed Paramount’s proposal, which reportedly valued the company at approximately $20 per share.
Read On: Paramount Skydance prepares takeover offer for Warner Bros Discovery
Undeterred by the initial rejection, Paramount, under the leadership of David Ellison, is reportedly exploring multiple avenues to advance the acquisition. These options include submitting a higher offer, appealing directly to WBD shareholders, or securing additional financial backing. Paramount has reportedly already been in discussions with asset manager Apollo Global Management to support its bid.
This aggressive pursuit of Warner Bros. Discovery comes shortly after David Ellison successfully completed an $8 billion merger in August, bringing his film production company, Skydance Media, under the Paramount umbrella.
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