But first, Paramount is suing to make WBD disclose details of the 'Flix 
deal, and announced plans for a proxy fight, specifically its own slate of 
directors to force a deal:
https://variety.com/2026/tv/news/paramount-skydance-sues-warner-bros-discovery-netflix-deal-1236629324/
 (link)
B

PGage, to M-D November, Dec 17th 2025:

I’m not so sure. I think maybe Kushner pulled out to try to make the deal 
more acceptable to the WBD board.

The current Paramount offer is not good enough to beat out Netflix, which, 
even though has a smaller sticker price is all cash on the barrel head. The 
Paramount offer is stock, swaps and smoke and mirrors, and is not 
guaranteed by the deep pockets of Larry Ellison, but instead by the murky 
purses of the Saudi sovereign wealth fund.

If Paramount is serious, they will come back with a bigger and more 
straightforward offer, and Ellis will put more of his own cash behind it.

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