Updated December 8, 2025 at 1:44 PM PST

Get out your popcorn because there's more drama in the fight over the media powerhouse Warner Brothers Discovery:

Paramount Global has sweetened its offer to acquire Warner by a bunch, offering an all-cash deal valued at $108 billion to take over the parent company of HBO, Warner Bros. Studios and CNN, among other notable properties.

It would appear to significantly outstrip the deal worth $83 billion that Netflix and Warner announced just last Friday, although that agreement is solely for Warner's streaming service and studios. If that deal were to go through, CNN and other cable channels would be spun off.

Oracle co-founder Larry Ellison, one of the world's richest people, and his son David, the movie producer and founder of Skydance Media, too

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