CNBC·2025-12-09 01:29Company Developments - Paramount Skydance has initiated a hostile takeover bid for Warner Bros. Discovery, following Netflix's recent announcement of a deal to acquire HBO's parent company [1] - CEO David Ellison stated the company is committed to completing its acquisition efforts, offering $30 per share in cash, which surpasses Netflix's offer of $27.75 per share in cash and stock for Warner Bros. Discovery's assets [2] Market Reactions - The announcement of Paramount's bid resulted in a 9% increase in Paramount's stock price and a 4.4% rise in Warner Bros. Discovery's stock [2] Broader Market Context - Major U.S. indexes experienced a decline as investors awaited the Federal Reserve's upcoming rate-setting meeting, with a high probability of a quarter-point rate cut anticipated [4] - The market has been buoyed by expectations of a rate cut, but there are concerns about potential market downturns if the Fed does not meet these expectations [5]