🌐
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.
🌐
NYTimes
nytimes.com › 2025 › 12 › 12 › business › paramount-warner-bros-netflix-deal.html
Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced. - The New York Times
4 days ago - Discovery worried it would have limited recourse if Paramount’s bid fell apart, the people said. Warner Bros. Discovery said last week it would sell much of its business to Netflix for $83 billion, deeming its bid superior to Paramount’s ...
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
🌐 r/explainlikeimfive
625
7178
1 week ago
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
🌐 r/investing
37
118
1 week ago
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
🌐 r/PS5
146
281
1 week ago
Paramount confirms $108.4 billion counter-offer for Warner Bros. Discovery
Whoever wins the bid, the rest of us lose. More on reddit.com
🌐 r/GamingLeaksAndRumours
154
232
1 week ago
🌐
BBC
bbc.com › news › articles › c8dyy47qy82o
Hollywood panics as Paramount-Netflix battle for Warner Bros
2 days ago - When Warner Bros put up a for-sale sign, Paramount launched an eager campaign to buy the company. But the studio ultimately announced a deal with Netflix.
🌐
Deadline
deadline.com › 2025 › 12 › paramount-warner-bros-netflix-theatrical-releases-1236641998
Paramount In Hostile Bid For Warner Bros Promises 30+ Movies Annually
1 week ago - Netflix currently grants only a handful of their films a token theatrical release and the overwhelming.” · Paramount today announced it has begun an all-cash tender offer to acquire all of the outstanding shares of Warner Bros.
🌐
CNET
cnet.com › tech › services & software › streaming services › paramount's hostile bid for warner bros. aims to block netflix's $83 billion offer
Paramount's Hostile Bid for Warner Bros. Aims to Block Netflix's $83 Billion Offer - CNET
2 days ago - Netflix announced last Friday its intention to acquire Warner Bros., HBO and its streaming business HBO Max, in an $82.7 billion deal. But that deal is being contested by Paramount, which announced Monday that it was launching a hostile bid ...

potential business transaction

Since late 2025, Warner Bros. Discovery (WBD) has drawn multiple acquisition offers from several entertainment companies. On October 21, 2025, WBD announced it would consider a "broad range of alternative options" to … Wikipedia
Factsheet
Target Warner Bros. Streaming & Studios (Netflix Inc.)
Warner Bros. Discovery (Paramount Skydance)
Type Partial acquisition; spin-off of Global Linear Networks (Netflix Inc.)
Full acquisition (Paramount Skydance)
Factsheet
Target Warner Bros. Streaming & Studios (Netflix Inc.)
Warner Bros. Discovery (Paramount Skydance)
Type Partial acquisition; spin-off of Global Linear Networks (Netflix Inc.)
Full acquisition (Paramount Skydance)
🌐
Wikipedia
en.wikipedia.org › wiki › Proposed_acquisition_of_Warner_Bros.
Proposed acquisition of Warner Bros. - Wikipedia
6 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) ...
Find elsewhere
🌐
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.
🌐
Washington Post
washingtonpost.com › opinions › opinion columns
Opinion | Warner Bros. Discovery drama is a story of failed mergers - The Washington Post
3 days ago - Break out the popcorn and a jumbo box of Raisinets, because just when we thought the Warner Bros. Discovery drama was over, it turned out we had barely gotten started. The suspense over the company’s pending sale is mounting, and new questions are developing faster than writers can resolve old ones.
🌐
AP News
apnews.com › article › paramount-warner-bros-discovery-netflix-trump-347540ae7a4f83fced833fe882f25680
Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix
Netflix to acquire Warner Bros. studio and streaming business for $72 billion ... Over the weekend, Trump said the Netflix-Warner combo “could be a problem” because of the size of the combined market share and that he planned to review the ...
Published   5 days ago
🌐
BBC
bbc.com › news › articles › cm21z4zgkx7o
Netflix and Paramount battle for Warner Bros. Who is likely to win?
4 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....
🌐
CNN
cnn.com › 2025 › 12 › 06 › media › netflix-warner-bros-antitrust
Netflix has a big unanswered question. That may kill its Warner Bros. deal | CNN Business
1 week ago - That’s why Hollywood widely expected Paramount to be in the catbird seat for its proposed purchase of all of Warner Bros. Discovery – in contrast, Netflix plans to buy just Warner Bros.
🌐
Axios
axios.com › 2025 › 12 › 05 › paramount-warner-brothers-netflix-hostile
Paramount could go hostile for Warner Bros Discovery after losing to Netflix
1 week ago - Catch up quick: Netflix only agreed to buy WBD's studio and streaming assets for a combination of cash and stock, after WBD's cable networks are spun out into a separate company. Paramount's offer was for the entire business.
🌐
NYTimes
nytimes.com › 2025 › 12 › 08 › business › paramount-warner-bros-discovery-netflix.html
Paramount Makes Hostile Bid for Warner Bros. Discovery - The New York Times
1 week ago - Netflix announced an $83 billion deal to buy a big part of Warner Bros. Discovery on Friday, in an agreement approved by the boards of both companies. In a news release on Monday, Paramount went around the Warner Bros.
🌐
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.
🌐
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
4 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.
🌐
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   3 days ago
🌐
The Verge
theverge.com › streaming › business › entertainment
There are no good outcomes for the Warner Bros. sale | The Verge
6 days ago - Netflix is the frontrunner to become Warner Bros.’ new owner, but the war for control of the legacy studio isn’t over just yet. Paramount Skydance has made its own outsize offer for the company that would give CEO David Ellison even more control over the news and entertainment landscape.
🌐
The Conversation
theconversation.com › whether-netflix-or-paramount-buys-warner-bros-entertainment-oligopolies-are-back-bigger-and-more-anticompetitive-than-ever-271479
Whether Netflix or Paramount buys Warner Bros., entertainment oligopolies are back – bigger and more anticompetitive than ever
4 days ago - After the Netflix deal was announced, Paramount joined forces with President Donald Trump’s son-in-law Jared Kushner, the Saudi Sovereign Wealth fund and others to announce a hostile counteroffer. Now, all bets are off. Whichever platform acquires Warner Bros.