Paramount- Skydance Launches Hostile Bid for Warner Bros., Battles for the future of Hollywood

By Aksah Italo
Published on 12/09/25

Paramount Skydance Corp. has unveiled a hostile takeover bid for Warner Bros. Discovery Inc., assembling one of the most powerful financing coalitions ever seen in Hollywood.

The bid is designed to blow past Netflix’s ongoing 72 billion dollars negotiations for the iconic studio and it arrives with geopolitics, billionaires, and Washington intrigue woven into the plot.

According to Bloomberg, at the heart of the offer is a 40.7 billion dollar equity commitment backed by some of the world’s most influential investors, including Saudi Arabia’s Public Investment Fund, the Qatar Investment Authority, Abu Dhabi’s L’imad Holding, and Affinity Partners, the investment firm founded by Jared Kushner, son-in-law of U.S. President Donald Trump.

Paramount CEO David Ellison (son of tech billionaire Larry Ellison) told Warner Bros. that the financing is rock solid and fully guaranteed. The Ellison family and New York- based RedBird Capital Partners have pledged to backstop the entire equity portion, Bloomberg reported.

The debt side of the bid is equally formidable. Bank of America Corp., Citigroup Inc., and Apollo Global Management have come together to provide a massive 54 billion dollar bridge loan, split evenly among the three financial giants.

In a sharply worded letter to Warner Bros.’ board, Ellison said the company’s funding “comes from some of the wealthiest investors and families in the world,” and should provide “complete comfort and certainty” that the deal can be executed.

Even before Paramount went public with its bid, President Trump had already warned he might oppose Netflix’s efforts to purchase Warner Bros., raising antitrust concerns.

On Sunday, he went further, telling reporters he would be “personally involved” in the decision a remarkable assertion, especially now that a close family member’s investment firm and foreign sovereign wealth funds he has actively courted are part of Paramount’s rival package.

The hostile takeover marks the climax of months of behind-the-scenes negotiations. It was announced just a week after Netflix entered exclusive talks to acquire Warner Bros.’ film and TV studios including the HBO Max streaming service.

What happens next could reshape the power map of global entertainment, alter streaming’s testing big tech, big finance, and big politics testing the waters more visibly in entertainment.