Warner Bros. Discovery (WBD) is preparing to announce its strategic plans by mid-December, with options including a split or full sale, according to CNBC. The media giant, led by CEO David Zaslav, faces mounting pressure from Paramount Skydance, which has offered $23.50 per share—an 87% premium over WBD’s September price.
WBD targets Christmas deadline for announcing a sale or split, leaving Paramount in limbo https://t.co/cEfltlFhi0
— CNBC (@CNBC) November 5, 2025
Paramount argues its proposal delivers better shareholder value than WBD’s planned breakup into separate streaming and network units.
WBD is also drawing interest from Comcast and Netflix, though a split may be the most tax-efficient route. If WBD declines to engage, Paramount is weighing a hostile bid directly to shareholders.
If Paramount merges with Warner Bros. Discovery, the result could be a “super streamer,” but success won’t come overnight. https://t.co/gZ3BojPQV8
— Observer (@observer) November 5, 2025
President Donald Trump recently praised Paramount’s CEO David Ellison, signaling potential regulatory favor.
Analysts say shareholder sentiment will hinge on whether WBD’s board views selling to Paramount—or breaking up the company—as the better long-term strategy.
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TIPP Staff
TIPP Staff
