Paramount reaffirms $30 cash offer for Warner Bros. Discovery

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PARAMOUNT AFFIRMS COMMITMENT TO SUPERIOR $30 PER SHARE ALL-CASH OFFER FOR WARNER BROS. DISCOVERY

December 17, 2025 10:01 AM EST

Urges WBD shareholders to send a clear message to WBD that they prefer Paramount's superior offer by tendering their sharesConfident its fully financed offer will deliver WBD shareholders with superior value and a faster, more certain path to completion than the Netflix transactionReiterates its commitment to pursuing all options to deliver the value and benefits of its offer for all stakeholders

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