Paramount Skydance defends $78B takeover bid for WBD, claims CNN spinoff could trade at zero dollars
New York Post·2026-01-08 16:14

Paramount Skydance on Thursday staunchly defended its revised $78 billion bid to take over Warner Bros. Discovery after the company again rejected its offer in favor of Netflix.The bidder argued that Comcast’s flopped spinoff of its NBCUniversal cable assets this week into a new company called Versant – which includes CNBC and MS NOW, formerly MSNBC – should act as a cautionary tale, since Netflix’s deal hinges on spinning off WBD’s cable assets including CNN. 3 Paramount Skydance on Thursday staunchly de ...