Paramount Skydance offered $30 per share for Warner Bros Discovery, CNBC reports

Gist

Paramount Skydance has made a $30 per share offer for Warner Bros Discovery, signaling a potential major media consolidation deal.

LLM Summary

Paramount Skydance has reportedly offered $30 per share for Warner Bros Discovery, according to CNBC citing sources. The bid marks a significant move in the media industry, potentially leading to a major merger or acquisition. The offer comes amid ongoing consolidation trends in the entertainment sector.

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!Warner Bros. studios in California

!Illustration shows Paramount Global and Skydance logos

Item 1 of 2 The Warner Bros. studios in Burbank, California, U.S. November 18, 2025. REUTERS/Mike Blake/File Photo

1/2]The Warner Bros. studios in Burbank, California, U.S. November 18, 2025. REUTERS/Mike Blake/File Photo Dec 5 (Reuters) - Paramount Skydance (PSKY.O), opens new tab had offered $30 per share for Warner Bros Discovery [(WBD.O), opens new tab, CNBC reported on Friday, citing sources.

Reporting by Zaheer Kachwala in Bengaluru

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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Sustainabilitycategory · December 5, 2025 · 7:54 PM UTC · ago

7:33 PM UTC

![Warner Bros. studios in California](https://www.reuters.com/resizer/v2/GGX3YSVHFBLWJOI6HANHEXJ36I.jpg?auth=869ded4116bc29389960d4dda22b08c1d3a57e9c4112c9c7da2f8875f6936820&width=1080&quality=80)

![Illustration shows Paramount Global and Skydance logos](https://www.reuters.com/resizer/v2/65QRK4NWGRKALJAWL6CCJUVYFE.jpg?auth=1c077e94d7187a875908ec7fbf6ae07995a83ff498fd7e74ca866ba80cd51f15&width=1080&quality=80)

Item 1 of 2 The Warner Bros. studios in Burbank, California, U.S. November 18, 2025. REUTERS/Mike Blake/File Photo

**[1/2]**The Warner Bros. studios in Burbank, California, U.S. November 18, 2025. REUTERS/Mike Blake/File Photo Dec 5 (Reuters) - Paramount Skydance [(PSKY.O), opens new tab](https://www.reuters.com/markets/companies/PSKY.O) had offered $30 per share for Warner Bros Discovery [(WBD.O), opens new tab](https://www.reuters.com/markets/companies/WBD.O), CNBC reported on Friday, citing sources.

Reporting by Zaheer Kachwala in Bengaluru

Our Standards: [The Thomson Reuters Trust Principles., opens new tab](https://www.thomsonreuters.com/en/about-us/trust-principles.html)

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### [Exclusive: Swiss government set to water down part of UBS capital rules, sources say](/sustainability/boards-policy-regulation/swiss-government-set-water-down-part-ubs-capital-rules-sources-say-2025-12-05/)

[Sustainabilitycategory](/sustainability/) · December 5, 2025 · 7:54 PM UTC · ago

7:33 PM UTC

Paramount Skydance offered $30 per share for Warner Bros Discovery, CNBC reports

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[Exclusive: Swiss government set to water down part of UBS capital rules, sources say](/sustainability/boards-policy-regulation/swiss-government-set-water-down-part-ubs-capital-rules-sources-say-2025-12-05/)