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Paramount Skydance<\/a> is launching a hostile bid to buy Warner Bros. Discovery<\/a> after it lost out to Netflix<\/a> in a months-long bidding war for the legacy assets, the company said Monday. <\/p>\n Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week, which Paramount Skydance CEO David Ellison said Monday never got a response from Warner Bros. Discovery. The offer is backstopped with equity financing from the Ellison family and the private-equity firm RedBird Capital and $54 billion of debt commitments from Bank of America, Citi and Apollo Global Management.<\/p>\n Tune in at 9:10 a.m. ET as Paramount Skydance chairman and CEO David Ellison joins CNBC TV to discuss his company’s hostile bid for Warner Bros. Discovery.\u00a0Watch in real time<\/a>\u00a0on CNBC+ or the CNBC Pro stream.<\/p>\n “We’re really here to finish what we started,” Ellison told CNBC’s “Squawk on the Street”<\/a> Monday. “We put the company in play.” <\/p>\n Shares of Paramount were roughly 5% higher in premarket trading Monday. Shares of Warner Bros. Discovery were up about 6%. Shares of Netflix were slightly lower. <\/p>\n On Friday, Netflix announced a deal<\/a> to acquire WBD’s studio and streaming assets for $72 billion. Paramount had been bidding for the entirety<\/a> of Warner Bros. Discovery, including those assets and the company’s TV networks like CNN and TNT Sports. <\/p>\n Comcast<\/a> also bid for the streaming and studio businesses, CNBC previously reported. <\/p>\n Paramount has repeatedly argued to the WBD board of directors<\/a> that keeping Warner Bros. Discovery whole was in the best interest of its shareholders. <\/p>\n Paramount executives also plan to argue their deal will have a much shorter regulatory approval process given the company’s smaller size and friendly relationship with the Trump administration, according to people familiar with the matter.<\/p>\n Netflix’s proposed acquisition has already raised antitrust questions,<\/a> in particular for combining two of the most dominant streaming platforms. CNBC reported Friday that the Trump administration was viewing the deal with “heavy skepticism,”<\/a> and President Donald Trump said Sunday the market share considerations could pose a “problem.”<\/a> <\/p>\n