11:31 - 9.01.2026

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January 9, Fineko/abc.az. Warner Bros. Discovery (WBD) rejected Paramount Skydance's revised $108.4 billion purchase offer, calling it "too risky" due to the need to raise $87 billion in debt.

ABC.AZ informs that the WBD Board of Directors recommended the shareholders support an $82.7 billion deal with Netflix to sell film and television studio assets.

Paramount offered $30 per share, followed by guarantees for $40 billion from Larry Ellison and $54 billion in debt to finance the deal, but WBD considered this an "unsafe structure", noting that Paramount, with market capitalization of $14 billion, is trying to conduct a deal almost seven times its capitalization.

WBD also highlighted Netflix's strong financial position, with a market capitalization of ~$400 billion, A/A3 credit rating, and projected free cash flow of >$12 billion for 2026. Netflix welcomed WBD's decision, noting the companies' future synergies.