Netflix Rejects Paramount's $108 Billion Warner Bros. Offer

Netflix's CEO, Greg Peters, rejected a big offer from Paramount Skydance to buy Warner Bros.

Discovery.

Paramount's offer was $108 billion and was supported by Larry Ellison, who agreed to provide $40.4 billion in funding.

Greg Peters said that without Larry Ellison's money, Paramount wouldn't be able to make the deal.

He also thought Paramount's offer was too risky because they already have a lot of debt.

The board of Warner Bros.

Discovery also rejected Paramount's offer, saying it wasn't good enough and wasn't certain to happen.

Instead, Netflix is offering to buy Warner Bros.

Discovery for $27.75 per share in cash, and they think most shareholders will agree with them.