Here is the rewritten content in my own words:
New developments have surfaced regarding the future of Warner Bros., with Paramount issuing a fresh statement. Previously, Netflix had announced a definitive deal to acquire Warner Bros. Discovery solely for Warner Bros., excluding its global networks division, Discovery Global. However, Paramount has now stepped forward with an all-cash tender offer to purchase all outstanding shares of Warner Bros. Discovery. This proposal includes the entire Warner Bros. Discovery entity, dividing it into Warner Bros. and Discovery Global.
On December 8, 2025, Paramount declared on its investor relations page that it is offering $30.00 per share in cash to acquire all outstanding shares of Warner Bros. Discovery. Paramount argues that its proposal is both strategically and financially superior to Netflix’s deal, which involves a combination of cash and stock, a lengthy approval process, and uncertain outcomes. Paramount claims its cash offer presents $18 billion more in value than Netflix’s proposal.
Paramount criticizes Warner Bros. Discovery’s board for favoring the Netflix deal, claiming that the board overvalued the Global Networks division despite financial weaknesses. David Ellison, Paramount’s Chairman and CEO, stated that Warner Bros. Discovery shareholders deserve to consider Paramount’s all-cash offer, which promises a faster and more certain completion compared to Netflix’s more complex and risky deal. Paramount also highlighted that its offer represents a 139% premium over the stock price as of September 2025, while Netflix’s offer is more volatile and depends on future performance.
Paramount claims its offer covers the entire Warner Bros. Discovery company and is confident about obtaining swift regulatory approval, arguing the Netflix deal would create a monopoly and face significant regulatory hurdles worldwide. Paramount warns Netflix’s acquisition could lead to higher prices for consumers and harm content creators, whereas Paramount’s offer is positioned as more consumer- and competition-friendly.
In October 2024, AEW entered a multi-year media rights deal with Warner Bros. Discovery, with Dynamite airing on TBS, Collision on TNT, and all AEW content streaming exclusively on HBO Max. As TBS and TNT will fall under Discovery Global and HBO Max under Warner Bros., Paramount’s acquisition could impact AEW’s broadcast and streaming arrangements, as Netflix’s plan involves only Warner Bros.
Currently, WWE Raw is hosted by Netflix in the U.S., with WWE events airing overseas. WrestleTalk.com will continue reporting on any changes affecting AEW as the situation evolves.
Fan Take: This corporate battle over Warner Bros. Discovery is crucial for AEW fans because it could determine the future home of their favorite shows and streaming options. A Paramount takeover may bring more stability and fewer regulatory hurdles than a Netflix acquisition, potentially benefiting AEW’s exposure and the wrestling industry overall.
