Paramount Skydance has guaranteed the backing of billionaire Larry Ellison in its hostile offer for Warner Bros. Discovery, but has fallen short of upping the amount.
WBD has rebuffed Paramount’s interest in prior offers before and during the official sale process.
WBD has entered into an agreement to sell its streaming and studio business to Netflix. Paramount has been vying to acquire the entirety of WBD, including its pay TV networks.
https://www.cnbc.com/2026/01/07/wbd-rejects-paramount-offer-again-netflix-deal.html