Warner Bros board rejects takeover bid from Paramount, favours deal with Netflix

Warner Bros Discovery's board has urged shareholders to reject a $108.4 billion hostile takeover bid from Paramount Skydance, saying it failed to provide adequate financing assurances. The board argued that the terms of a rival merger deal with Netflix represent "superior, more certain value for our shareholders".

Dec 17, 2025 - 14:00
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Warner Bros board rejects takeover bid from Paramount, favours deal with Netflix
Warner Bros Discovery's board has urged shareholders to reject a $108.4 billion hostile takeover bid from Paramount Skydance, saying it failed to provide adequate financing assurances. The board argued that the terms of a rival merger deal with Netflix represent "superior, more certain value for our shareholders".
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