Paramount Reportedly Has ‘Concerns’ About WBD Bidding Process

The most recent twist within the Warner Bros. Discovery bidding course of now entails Paramount Skydance crying foul over how the method is unfolding.In a letter reportedly despatched to WBD CEO David Zaslav, Paramount expressed “critical issues concerning the equity and adequacy of the bidding course of.” This letter comes amid experiences that Netflix is pulling forward within the competitors for the corporate.The letter, despatched by Paramount’s attorneys at Quinn Emanuel, notes that WBD’s obvious choice for Netflix alludes to an look of “chemistry” between the administration of the 2 firms.In accordance with CNBC, attorneys for WBD issued a response to the letter saying, “Please be assured that the WBD Board attends to its fiduciary obligations with the utmost care, and that they’ve totally and robustly complied with them and can proceed to take action.”Paramount didn’t instantly reply to a request for remark.In accordance with experiences, Paramount has to date submitted 5 separate bids in its quest to take management of WBD. Like its opponents, Netflix and Comcast, it has participated in two rounds of bidding, with the most recent bids obtained on December 1. Netflix’s newest bid was largely a money supply, whereas Paramount’s bid was all money with an added sweetener of a $5 billion breakup charge, up from $2.1 billion. Comcast’s bid was a combination of money and inventory.Nevertheless, the New York Publish experiences that WBD doesn’t appear happy with what has been placed on the desk and is searching for a 3rd spherical of bids, due on Thursday, December 4. SCOOP: Sources concerned within the @wbd bidding battle say the corporate has requested for a third-round of bids from @paramountco – @Skydance @netflix and @comcast due right now. Story growing — Charles Gasparino (@CGasparino) December 4, 2025Despite the quickly evolving developments, WBD reportedly isn’t thinking about dragging out the for-sale course of and goals to achieve a conclusion by Christmas. Ought to a greater supply emerge from this spherical of bids, it might enter into unique negotiations with one of many firms.All this consideration for WBD comes as the corporate continues to maneuver ahead with its plan to separate into two separate entities. Anticipated to be accomplished by mid-2026, this transfer would separate its streaming and studios division from its cable division.