Paramount Skydance Corporation Aktie News

By opening up a sales process that drove WBD into Netflix's arms, Paramount could find itself left in the dust by what would be a far larger streaming rival.

Wall Street has begun rendering its verdict, at least in the short term, on Netflix's $82.7 billion deal to acquire Warner Bros. As is typical of acquisitions, the stock of the buyer lost ground by mid-day Friday, slipping 3% to just below $100, while the party being (mostly) acquired, Warner Bros. Discovery, gained ground.

Paramount Skydance CEO David Ellison has made WBD CEO David Zaslav a lot richer with nothing to show for it as WBD agrees to sell its studio and streaming business to Netflix. Paramount is now considering taking an offer straight to shareholders to acquire the asset, believing its deal has a better chance of gaining U.S. regulatory approval, sources told CNBC.

Late Thursday evening, Paramount Skydance attempted a final, last ditch, all-cash bid to acquire the entirety of Warner Bros. Discovery for $30 a share, according to the CNBC.

Netflix Inc (NASDAQ: NFLX) has stunned Hollywood with an $83 billion takeover bid for WBD assets – effectively sidelining Paramount Skydance (NASDAQ: PSKY) from a buyout it had long coveted. But that doesn't mean PSKY is bound to lose in streaming.

Paramount Skydance had offered $30 per share for Warner Bros Discovery , CNBC reported on Friday, citing sources.

Ellison's meetings in Washington capped a frenzied day of dealmaking and political gamesmanship.

Paramount is plenty peeved about the way Warner Bros Discovery is conducting a possible sale and it wants everyone to know it won't go quietly if either Netflix or Comcast are the winning bidder.