Paramount Skydance streaming product and tech chief Vibol Hou is leaving at the end of January. Read his message to colleagues.

Officials for Paramount Skydance said their offer of $30 per share to buy Warner Bros. Discovery is "superior" to a competing offer from Netflix.

The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount is sticking by its $30 per share tender offer for Warner Bros. Discovery, arguing in a statement Thursday morning that its all-cash bid remains “superior” to the deal that WBD signed with Netflix, and urging WBD shareholders to back its bid.

Paramount Chief Executive David Ellison continued his outreach to Warner shareholders saying, “Our offer clearly provides WBD investors greater value and a more certain, expedited path to completion."

Paramount Skydance today reaffirmed its $30 a share all cash offer for Warner Bros. Discovery, declining to raise its bid.

Paramount chief legal officer Makan Delrahim has taken aim at Netflix's pending acquisition of Warner Bros. Discovery's studio and streaming assets, calling the $83 billion deal "presumptively unlawful.

Film and TV producer David Ellison acquired control of Paramount in August. He’s put reinvigorating brands like MTV and CBS News among his priorities. If he finds a strategic partner for MTV the strategy could serve as a template for other Paramount businesses.

WBD’s cable channels, including CNN, are being broken off into a new, publicly traded company called Discovery Global later this year. The Warner board has argued that Discovery Global will have significant value on its own, while Paramount has valued it at just $1 per share.

A 'Recovery Agent' movie from producer Gal Gadot and Paramount is in the works, Deadline can report exclusively