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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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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
5 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
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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
3 hours ago - In regulatory filings, Paramount has said its bid is superior to Netflix's offer and would enjoy a clearer path to regulatory approval. Its offer is financed by $41 billion in new equity, which is backed by the Ellison family and RedBird Capital, and $54 billion of debt commitments from Bank of America, Citi and Apollo. Jared Kushner's Affinity Partners, which was one of Paramount's financing partners, is exiting the battle, according to Bloomberg.
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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 - 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.
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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.
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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
5 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.
Find elsewhere
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Wikipedia
en.wikipedia.org › wiki › Proposed_acquisition_of_Warner_Bros.
Proposed acquisition of Warner Bros. - Wikipedia
7 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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BBC
bbc.com › news › articles › cm21z4zgkx7o
Netflix and Paramount battle for Warner Bros. Who is likely to win?
5 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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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.
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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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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
2 weeks 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.
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Axios
axios.com › 2025 › 12 › 05 › paramount-warner-brothers-netflix-hostile
Paramount could go hostile for Warner Bros Discovery after losing to Netflix
2 weeks 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.
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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   1 week ago
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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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Collider
collider.com › home › tv features › warner bros. could get bids from more than just netflix and paramount
Warner Bros. Could Get Bids From More Than Just Netflix and Paramount
8 hours ago - Hollywood's witnessing one of the biggest studio battles in history, as Warner Bros. is caught in the middle of a bidding war between Netflix and Paramount. Netflix appeared to have made the winning offer, yet Paramount recently countered with ...
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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.