The newest twist within the Warner Bros. Discovery bidding course of now includes Paramount Skydance crying foul over how the method is unfolding.
In a letter reportedly despatched to WBD CEO David Zaslav, Paramount expressed “serious concerns about the fairness and adequacy of the bidding process.” This letter comes amid studies that Netflix is pulling forward within the competitors for the corporate.
The letter, despatched by Paramount’s attorneys at Quinn Emanuel, notes that WBD’s obvious choice for Netflix alludes to an look of “chemistry” between the administration of the 2 corporations.
According to CNBC, attorneys for WBD issued a response to the letter saying, “Please be assured that the WBD Board attends to its fiduciary obligations with the utmost care, and that they have fully and robustly complied with them and will continue to do so.”
Paramount didn’t instantly reply to a request for remark.
According to studies, Paramount has to date submitted 5 separate bids in its quest to take management of WBD. Like its opponents, Netflix and Comcast, it has participated in two rounds of bidding, with the most recent bids obtained on December 1.
Netflix’s newest bid was largely a money provide, whereas Paramount’s bid was all money with an added sweetener of a $5 billion breakup payment, up from $2.1 billion. Comcast’s bid was a mix of money and stock.
However, the New York Post studies that WBD doesn’t appear happy with what has been placed on the desk and is in search of a 3rd spherical of bids, due on Thursday, December 4.
SCOOP: Sources concerned within the @wbd bidding warfare say the corporate has requested for a third-round of bids from @paramountco – @Skydance @netflix and @comcast due at the moment. Story creating
— Charles Gasparino (@CGasparino) December 4, 2025
Despite the quickly evolving developments, WBD reportedly isn’t excited by dragging out the for-sale course of and goals to succeed in a conclusion by Christmas. Should a greater provide emerge from this spherical of bids, it may enter into unique negotiations with one of many corporations.