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The history of Warner Bros. Discovery as it rejected Paramount’s revised bid despite Ellison’s support

January 7 – Warner Bros. Discovery’s board unanimously rejects Paramount Skydance’s revised bid, despite a $40.4 billion financing guarantee from Oracle co-founder Larry Ellison.

The history of Warner Bros. Discovery as it rejected Paramount’s revised bid despite Ellison’s support

The move marks the latest chapter in the race for the property that includes Warner Bros.’s iconic film and TV studio and its vast library of films and television shows.

Here’s a timeline of Time Inc. and Warner Bros. from their founding to the company’s latest breakup and possible sale.

date event

1922 Time Inc. was founded by Henry Luce and

Briton Hayden will publish Time magazine, a

The weekly news publication that made the world

Matters accessible to the average reader.

The first issue of Time magazine was

Published March 1923.

1923 Warner Bros. was founded by the Harry brothers,

Albert, Sam and Jack Warner as a film studio

In Hollywood. It revolutionized cinema

Introduction of synchronized sound in

Movies.

1969 Kinney National Company, a group

Later moved into media, bought Warner Bros.

Bros-Seven Arts and its later closure

Non-media businesses.

1972 HBO is founded with the support of Charles Dolan.

From time. This was the first U.S. Was

Subscription-based cable networks, offering

Uncut, commercial-free movies and live

Sports, leading premium cable television.

1990 Time Inc. merges with Warner Communications

$14 billion deal hailed as a “marriage”

of content and delivery,” the creation of time

Warner, the largest media company at that time

World.

1996 Time Warner merges with Turner Broadcasting,

Acquiring Cartoon Network, CNN, TNT and more

Classic Film Library.

2000 Time Warner merges with AOL, creating AOL

Time Warner, the biggest merger in history

At that time, the goal was to merge traditional and

digital media.

2002 AOL Time Warner merger begins to unravel

AOL’s value fell with the launch of

SEC investigation, prompted by allegations

Accounting irregularities and overstatements

Revenue report on AOL.

2003 CEO Steve Case resigns from AOL Time Warner.

2004 Time Warner sells Warner Music to a private company

Equity Group led by Edgar Bronfman Jr.

$2.6 billion.

2009 Time Warner completely separates from Time Warner

The cable, which was already partially closed

Decommissioned in 2007, ending its role in cable

Distribution.

2009 Time Warner launches AOL.

2013 Time Warner releases its magazine Time

divisions, including time, people,

Fortune and Sports Illustrated, noting that

Formal withdrawal from publication.

2016 AT&T announces the acquisition of Time

Warner for $85 billion.

2018 AT&T completes the acquisition of Time

Warner is changing its name after regulatory approval.

This is WarnerMedia.

2021 AT&T announces it will spin off WarnerMedia

and merge it with Discovery Inc. to create a

New standalone media company.

2022 WarnerMedia and Discovery complete their work

Merger in $43 billion deal.

June 2025 Warner Bros. Discovery announces it

Two companies separated – one focusing

Whereas, on streaming and studio businesses

The second would be its cable TV properties.

October Warner Bros. Discovery’s board rejected

2025 Paramount Skydance offer for almost $60

billion, or $24 per share, a familiar source

with the case exclusively tells Reuters.

The company says it is considering the possibilities

The sale amid interest from several suitors.

November Axios reports that Warner Bros. Discovery

2025 board wants Paramount Skydance to be sweeter

Determining its value, a bid of $30 per share was made.

Company $74.34 billion.

November Warner Bros. Discovery receives initial

2025 buyout bids from Paramount Skydance, Comcast

and Netflix – who were asked to improve

His proposal.

December Warner Bros. Discovery takes second place

2025 round of bids, including mostly cash offers

From Netflix.

December Paramount Skydance accused Warner Bros.

2025 Discovery of running unfair sales process

Which favors Netflix over other bidders, CNBC

The report cited a letter sent by Nav

Merged media company.

December Exclusive talks are underway with Netflix

Buy Warner Bros. Discovery movie in 2025 and

Television studio with its streaming

Assets after offering $28 per share.

December Netflix agrees to buy Warner Bros.

2025 Discovery’s film and TV studios and

Streaming division for $72 billion, or

$27.75 per share.

December Paramount makes adverse bid for Skydance

2025 Warner Bros. Discovery Price Set

$108.4 billion or $30 per share.

December Warner Bros. Discovery’s board rejected

2025 Paramount Skydance’s Hostile $108.4 Billion

bid, saying it failed to provide adequate

Financing Assurance.

December Paramount Skydance amended its offer to buy

2025 Warner Bros. Discovery will include $40.4

Larry’s personal guarantee of billions

Alison.

January Warner Bros. Discovery rejects Paramount

2026 Skydance’s revised hostile bid despite Larry

Alison’s Guarantee.

This article was generated from an automated news agency feed without any modifications to the text.

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