“Warner Bros Discovery, Inc (‘Warner Bros Discovery’ or ‘WBD’) today announced that its Board of Directors (the ‘Board’) has unanimously determined that the tender offer launched by Paramount Skydance (‘PSKY’) (NASDAQ: PSKY) on December 8, 2025 is not in the best interests of WBD and its shareholders and does not meet the criteria of a ‘Superior Proposal’ under the terms of WBD’s merger agreement with Netflix announced on December 5, 2025. The Warner Bros Discovery Board unanimously reiterates its recommendation in support of the Netflix combination and recommends that WBD shareholders reject PSKY’s offer,” says a press release from Warner Discovery’s board.

“‘Following a careful evaluation of Paramount’s recently launched tender offer, the Board concluded that the offer’s value is inadequate, with significant risks and costs imposed on our shareholders,’ said Samuel A Di Piazza, Jr, Chair of the Warner Bros Discovery Board of Directors. ‘This offer once again fails to address key concerns that we have consistently communicated to Paramount throughout our extensive engagement and review of their six previous proposals. We are confident that our merger with Netflix represents superior, more certain value for our shareholders and we look forward to delivering on the compelling benefits of our combination,'” the release continued.

The fail comes less than 24 hours after Axios reported that global business/diplomacy wunderkind Jared Kushner had backed out of financing Paramount’s bid, disappointing the Warner shareholders who pined for his singular force of cunning and personality. More seriously, there’s that the stick figure’s father-in-law posted “For those people that think I am close with the new owners of CBS, please understand that 60 Minutes has treated me far worse since the so-called ‘takeover,’ than they have ever treated me before. If they are friends, I’d hate to see my enemies!” on Tuesday. Easy to imagine some of those that had been open to Paramount’s bid were thinking that MAYBE the shittier Paramount offer was a safer investment in the short/middle term given the political context…

That is until the fat bastard injected his usual screechy fucking tantrums into it.