Warner Brothers Discovery Chooses Netflix Over Paramount
Update: 2025-12-17
Description
Warner Brothers Discovery Board Rejects Paramount Skydance Offer, Recommends Netflix Deal: The board of Warner Brothers Discovery has unanimously recommended a proposal from Netflix, rejecting a hostile bid from Paramount Skydance. The board deemed Paramounts offer inadequate and risky, while Netflixs proposal involves a cash and stock transaction for Warner Brothers Discoverys streaming and studio assets.
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