中国基金报·2025-12-08 14:43Core Viewpoint - A competitive acquisition battle has emerged between Paramount and Netflix for Warner Bros, with Paramount making a cash offer of $30 per share, totaling $108.4 billion, which is claimed to be more attractive than Netflix's recent deal [4][5]. Group 1: Acquisition Details - Paramount has proposed a full cash acquisition of Warner Bros at $30 per share, amounting to $108.4 billion (approximately 76 billion RMB) [4]. - The offer from Paramount is said to provide an additional $18 billion in cash compared to Netflix's proposal [4]. - Paramount's CEO, David Ellison, emphasized that the offer presents higher value for shareholders and promises a more certain and quicker completion path [6]. Group 2: Competitive Landscape - Netflix recently reached a deal to acquire Warner Bros' film studio and HBO Max streaming business for $72 billion, following a split of Warner into two companies [5]. - The public nature of Paramount's offer indicates an impending and intense competition for Warner's valuable assets, including HBO and the Harry Potter franchise [5]. - Paramount has previously argued that maintaining the integrity of Warner Bros aligns with the best interests of its shareholders [5]. Group 3: Market Reaction - Following the news of Paramount's acquisition bid, Warner Bros' stock price surged by 5% in pre-market trading [5].