ClosedPublished 8 Dec 2025
Paramount /
Warner Bros.
Paramount makes a cash offer for Warner Bros.




01 / BuyerParamount
02 / TargetWarner Bros.
Source for the buyer and target: Paramount Skydance Corporation
For the buyer and target.
“Paramount/Warner Bros. Merger Agreement Condition —Warner Bros. shall have entered into a definitive merger agreement with Paramount and the Purchaser substantially in the form of the merger agreement submitted by Paramount to Warner Bros. on December 4, 2025 and attached to the Offer to Purchase as part of Annex A (the “ Paramount/Warner Bros. Merger Agreement ”), other than changes required to reflect completion of the Offer followed by a second-step merger under Section 251(h) of the DGCL and any other changes mutually agreed between Warner Bros. and Paramount.”
Published 8 Dec 2025
Open the sourceWhat happened
Paramount is seeking control of Warner Bros. and ultimately its entire equity interest. Its offer is for $30 per share. [01]
The source
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01
Source · Paramount Skydance Corporation
Paramount makes a cash offer for Warner Bros.
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