Warner Bros. Discovery (WBD) is carefully evaluating an unsolicited takeover offer from Paramount Skydance, which has proposed acquiring all of WBD’s outstanding stock for $30 per share. The media giant said Monday that it will issue its decision within 10 business days.

For the moment, WBD’s board is sticking to its existing plan to sell its studio operations, HBO, and HBO Max to Netflix in a blockbuster $72 billion deal announced last Friday. That agreement, which carries an enterprise value of $82.7 billion, remains the company’s recommended course of action.

Paramount Skydance’s bid, however, presents a significantly higher enterprise value of $108.4 billion. The proposal is backed in part by three Arab sovereign wealth funds and Jared Kushner’s Affinity Partners, and represents a hostile attempt to acquire WBD outside of the Netflix transaction.

In its statement, WBD emphasized that the board will carefully weigh the Paramount offer in consultation with independent financial and legal advisors, while remaining mindful of its fiduciary duties. The company said it expects to provide guidance to stockholders regarding the offer by Friday, December 19, and advised shareholders not to take any immediate action.

WBD is being advised by Allen & Co., J.P. Morgan, and Evercore on financial matters, with Wachtell Lipton, Rosen & Katz and Debevoise & Plimpton providing legal counsel.