Rival offer | Paramount's late Warner Bros bid deepens uncertainty for workers

Paramount has reignited the battle for Warner Bros Discovery with a hostile $108.4billion proposal that challenges Netflix’s earlier agreement, prolonging the bidding saga, and creating further uncertainty for employees.

The new offer arrived just days after Netflix secured a $72billion equity arrangement for Warner Bros Discovery’s TV, film, and streaming operations, but the fresh challenge guarantees no quick resolution for employees awaiting clarity on their future.

Warner Bros Discovery’s board said it would examine the latest offer, though it did not revise its existing endorsement of Netflix’s plan. The board advised stakeholders to take no immediate action on Paramount’s approach, a signal that internal deliberations are far from settled.

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Paramount valued its $30-per-share cash offer as superior, pointing to an additional $18 billion in cash and what it described as a smoother regulatory process. The company said combining the studios would serve the interests of the creative community and consumers.