According to prediction market Polymarket, Paramount Skydance (PSKY) now has higher odds of acquiring Warner Bros. Discovery (WBD) than Netflix (NFLX).
A high-stakes battle between Paramount (PSKY) and Netflix (NFLX) over Warner (WBD) is set to unfold after the David Ellison-led firm launched a hostile bid for the entire company on Monday. That move came after Netflix (NFLX) last week said it would buy Warner’s (WBD) studio and streaming assets in a deal with an enterprise value of $82.7B.
See Polymarket’s update below:
Polymarket
Paramount (PSKY) top boss Ellison on Wednesday sent a lengthy letter to Warner’s (WBD) shareholders, trying to convince them that his $108B total buyout proposal was better than Netflix’s (NFLX) offer.
Bloomberg News on Wednesday said the bidding war between PSKY and NFLX would stretch into next year, citing people familiar with WBD’s thinking.
According to rival prediction market Kalshi, the odds of Paramount (PSKY) buying Warner (WBD) before December 2026 are at 51%.