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Netflix
about.netflix.com › en › news › netflix-to-acquire-warner-bros
Netflix to Acquire Warner Bros. Following the Separation of Discovery Global for a Total Enterprise Value of $82.7 Billion (Equity Value of $72.0 Billion) - About Netflix
2 weeks ago - Under the terms of the agreement, each WBD shareholder will receive $23.25 in cash and $4.501 in shares of Netflix common stock for each share of WBD common stock outstanding at the closing of the transaction. The transaction values Warner Bros.
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The Guardian
theguardian.com › business › 2025 › dec › 17 › warner-bros-reportedly-poised-to-reject-paramount-hostile-takeover-bid
Warner Bros reportedly poised to reject Paramount’s $108bn hostile takeover bid | Mergers and acquisitions | The Guardian
31 minutes ago - Warner Bros Discovery is poised to tell shareholders to reject Paramount’s $108bn (£81bn) hostile bid, according to reports, clearing the way for Netflix to proceed with its buyout of the Hollywood film and TV group.
Discussions

ELI5: How can Paramount announce a hostile takeover bid for WB when the bidding was done and Netflix won?
There are two separate entities, the shareholders and the board of directors. The board accepted Netflix’s offer because they were presented with the two offers and are required to act in the shareholders best interest. This deal still needs to be approved by the shareholders and Paramount is trying to get WB’s shareholders to vote against the Netflix deal so they can accept their offer. The deal won’t be done for probably 12-24 months as it goes through regulatory review. WB can drop out of the deal during this time for a fee. More on reddit.com
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Paramount Skydance pushes hostile bid for Warner Bros. after losing to Netflix: "We’re here to finish what we started"
Jared Kushner is part of Paramount's hostile bid for Warner Bros Discovery https://share.google/6sEtfL94jvvgZbFNG . So this is who will win. More on reddit.com
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Paramount Launches Hostile Takeover Bid for Warner Bros. Discovery Valued at $108 Billion, Seeking to Derail Netflix’s Deal
Either way, I don't expect to get a new Batman Arkham game out of the deal. More on reddit.com
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Paramount confirms $108.4 billion counter-offer for Warner Bros. Discovery
Whoever wins the bid, the rest of us lose. More on reddit.com
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Reuters
reuters.com › world › warner-bros-likely-reject-1084-billion-paramount-bid-back-netflix-bidding-war-2025-12-16
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say | Reuters
25 minutes ago - Netflix earlier this month emerged victorious with a $27 cash-and-stock bid for Warner Bros' non-cable assets. Paramount CEO David Ellison then went directly to Warner Bros' shareholders with a $30-a-share, all-cash bid for the whole company.
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Deadline
deadline.com › 2025 › 12 › netflix-warner-bros-deal-hollywood-wall-street-1236648696
Netflix CEOs Call Warner Bros Deal "A Win For The Entertainment Industry"
1 day ago - The company has offered $108 billion, all in cash and including the assumption of debt, for all of Warner Bros. Discovery. Netflix is bidding only on the studio-and-streaming part of the company.
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BBC
bbc.com › news › articles › c8dyy47qy82o
Hollywood panics as Paramount-Netflix battle for Warner Bros
3 days ago - But the studio ultimately announced a deal with Netflix. A spurned Paramount then went direct to Warner Bros Discovery shareholders with a hostile takeover offer that they say is "superior" to ...
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Forbes
forbes.com › forbes homepage › business › media
Is Netflix Buying Warner Bros.? Where The Deal Stands After Paramount’s Hostile Bid
3 days ago - ForbesNetflix Acquiring Warner Bros. Resets Streaming And Media’s Power MapBy Shann Biglione ... To wit, Paramount and Skydance completed an $8 billion merger earlier this year, putting the owner of CBS and onetime cable television behemoths MTV and VH1 under the purview of Ellison, the billionaire founder of Skydance.
Find elsewhere
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CNBC
cnbc.com › 2025 › 12 › 08 › paramount-skydance-hostile-bid-wbd-netflix.html
Paramount Skydance launches hostile bid for WBD after Netflix deal
1 week ago - Co-CEO Greg Peters said they recognize the Netflix deal came as a shock but called the Warner Bros. studio and HBO Max content complementary to Netflix's business. Co-CEO Ted Sarandos said the acquisition would protect jobs at a time when layoffs have been rampant across media: "In the offer that Paramount was talking about today, they also were talking about $6 billion of synergies.
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AP News
apnews.com › article › jared-kushner-paramount-warner-bros-netflix-56886b231c132f6eb7d8990f0ede3e32
Jared Kushner pulls backing for Paramount’s bid for Warner Bros. Discovery | AP News
7 hours ago - Paramount is offering $30 per Warner share to Netflix’s $27.75. Warner, one of the “big five” Hollywood studios, owns Warner Bros. Pictures, HBO, the DC Comics universe and the Harry Potter franchise.
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Wikipedia
en.wikipedia.org › wiki › Proposed_acquisition_of_Warner_Bros.
Proposed acquisition of Warner Bros. - Wikipedia
4 hours ago - Netflix emerged victorious in the bidding war and announced its deal with WBD to acquire its streaming and studios division (which includes assets like Warner Bros., HBO, HBO Max, DC Studios, DC Entertainment, and the company's media library) ...
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Newsweek
newsweek.com › warner-brothers-netflix-deal-new-twist-paramount-11224926
War Over Warner Bros., Netflix Deal Takes New Twist - Newsweek
45 minutes ago - The ongoing battle over who will take control of Warner Bros. Discovery (WBD) has taken a new turn, as Jared Kushner’s private equity firm withdrew its backing for Paramount Skydance’s hostile takeover. Affinity Partners, the Miami-based company founded by the president’s son-in-law, was one of several entities supporting Paramount’s bid for WBD, which would upset the $83-billion deal struck with Netflix in early December.
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TechCrunch
techcrunch.com › home › making sense of the risky netflix-warner bros. deal
Making sense of the risky Netflix-Warner Bros. deal | TechCrunch
2 days ago - Meanwhile, I discussed a call with Netflix executives where Wall Street analysts also seemed to be struggling to wrap their heads around the deal. And then of course there’s Paramount’s competing hostile bid — whatever happens, Warner Bros.’ days as a standalone company seem to be numbered.
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The Hill
thehill.com › homenews › media › 5652023-netflix-warner-deal-paramount-bid
Warner Bros. Discovery preparing to tell shareholders: Back Netflix deal over Paramount
13 hours ago - Discovery portfolio, including its linear television assets like TNT Sports and CNN. That bid came just days after the company announced a deal with Netflix, worth more than $70 billion, which would allow the streamer to acquire Warner Bros.
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BBC
bbc.com › news › articles › cm21z4zgkx7o
Netflix and Paramount battle for Warner Bros. Who is likely to win?
6 days ago - Paramount's move was prompted by ... by media reports. Netflix's proposal includes Warner Bros' studio and streaming networks, leaving the rest of the company to be spun off as an independent company....
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Fox Business
foxbusiness.com › media › paramount-netflix-face-similar-antitrust-hurdles-warner-bros-discovery-bids-expert-says
Paramount and Netflix face similar antitrust hurdles in Warner Bros Discovery bids, expert says
Warner Bros. Discovery (WBD) agreed to sell its film and television studios and streaming platform, HBO Max, to Netflix in a cash-and-stock deal valued at $27.75 per share. But then Paramount announced Monday an all-cash tender offer to acquire ...
Published   4 days ago
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CNN
cnn.com › 2025 › 12 › 08 › business › paramount-hostile-takeover-bid-wbd
Paramount launches a hostile takeover bid for Warner Bros. Discovery | CNN Business
1 week ago - Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead for Netflix, which it said offered a more lucrative deal.
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Paramount
ir.paramount.com › news-releases › news-release-details › paramount-launches-all-cash-tender-offer-acquire-warner-bros
PARAMOUNT LAUNCHES All-CASH TENDER OFFER TO ACQUIRE WARNER BROS. DISCOVERY FOR $30 PER SHARE | Paramount
1 week ago - Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") for ... Paramount's proposed transaction is for the entirety of WBD, including the Global Networks segment. Paramount's strategically and financially compelling offer to WBD shareholders provides a superior alternative to the · Netflix (NASDAQ: ...
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Reuters
reuters.com › legal › transactional › paramount-makes-1084-billion-bid-warner-bros-discovery-2025-12-08
Warner Bros fight heats up with $108 billion hostile bid from Paramount | Reuters
5 days ago - Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity deal for Warner Bros Discovery's TV, film studios and streaming assets.