{"id":27254,"date":"2026-01-07T13:48:40","date_gmt":"2026-01-07T13:48:40","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2026\/01\/07\/warner-bros-rejects-paramounts-108-billion-takeover-bid-backs-netflix-deal-entertainment-news\/"},"modified":"2026-01-07T13:48:40","modified_gmt":"2026-01-07T13:48:40","slug":"warner-bros-rejects-paramounts-108-billion-takeover-bid-backs-netflix-deal-entertainment-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2026\/01\/07\/warner-bros-rejects-paramounts-108-billion-takeover-bid-backs-netflix-deal-entertainment-news\/","title":{"rendered":"Warner Bros Rejects Paramount\u2019s $108 Billion Takeover Bid, Backs Netflix Deal | Entertainment News"},"content":{"rendered":"


\n<\/p>\n

\n

Last Updated:<\/span>

Warner Bros Discovery rejected Paramount Skydance’s takeover bid, favouring a merger with Netflix to expand consumer choice and strengthen its global content portfolio.<\/h2>\n
\n
\n
\n
\"font\"<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/p>\n
\"new<\/div>\n

\"new<\/a><\/div>\n

\n
\"Previously,<\/p>\n

Previously, Warner Bros had urged its shareholders to reject the hostile takeover bid of Paramount saying that a merger with Netflix would expand consumer choice, strengthen distribution reach, and create new opportunities for the creative community. <\/p>\n<\/figure>\n<\/div>\n

Warner Bros Discovery (WBD) has rejected Paramount Skydance\u2019s latest attempt to buy the studio, saying its revised $108.4 billion hostile bid was \u2018inadequate\u2019 and amounted to a risky leveraged buyout, the company said in a statement on Wednesday.<\/p>\n

As per the statement, the WBD board has advised its shareholders that December\u2019s revised offer from Paramount was still not as appealing as the existing agreement with Netflix\u00a0\u2014 even though Paramount said it had addressed many of Warner Bros.\u2019 biggest concerns.<\/p>\n

AFP quoted the company stating that the board \u201chas unanimously determined that Paramount Skydance\u2019s tender offer\u2026 is not in the best interests of WBD and its shareholders and does not meet the criteria of a \u2018Superior Proposal\u2019 under the terms of WBD\u2019s merger agreement with Netflix”.<\/p>\n

The WBD board has also called Paramount\u2019s hostile takeover offer \u201cinadequate” and overly risky. In the letter to the shareholders, the board likened Paramount\u2019s proposal to a leveraged buyout.<\/p>\n

The revised Paramount offer \u201cremains inadequate, particularly given the insufficient value it would provide, the lack of certainty in PSKY\u2019s ability to complete the offer, and the risks and costs borne by WBD shareholders should PSKY fail to complete the offer,” Reuters quoted the board saying.<\/p>\n

Paramount is much smaller than WBD, so \u201cto effect the transaction, it intends to incur an extraordinary amount of incremental debt \u2014 more than $50 billion \u2014 through arrangements with multiple financing partners,” the letter stated.<\/p>\n

Paramount had sought to alleviate concerns about the financing by pointing to the fact that one of the world\u2019s richest people, Oracle billionaire Larry Ellison, is bankrolling much of the proposed takeover, CNN reported. However, WBD has\u00a0reaffirmed its commitment to streaming giant Netflix\u2019s $82.7 billion deal for the film and television studio and other assets.<\/p>\n

\u201cFrom our perspective, they\u2019ve got to put something on the table that is compelling,” CNBC quoted Warner Bros Chairman Samuel Di Piazza saying while referring to the Paramount offer.<\/p>\n

This comes weeks after WBD had urged its shareholders to reject the hostile takeover bid by Paramount, saying that a merger with Netflix would expand consumer choice, strengthen distribution reach, and create new opportunities for the creative community.<\/p>\n

Paramount and Netflix have been fighting for the control of Warner Bros, and with it, its prized film and television studios. WBD\u2019s lucrative entertainment franchises include \u201cHarry Potter”, \u201cGame of Thrones”, \u201cFriends” and the DC Comics universe, as well as coveted classic films such as \u201cCasablanca” and \u201cCitizen Kane.”<\/p>\n

Warner Bros. Discovery, whose operations span Warner Bros Entertainment, Turner Entertainment, DC Comics, Hanna-Barbera and Cartoon Network, added that Netflix\u2019s portfolio of global content and studio capabilities would complement its own business rather than overlap with it.<\/p>\n

In December, Paramount had directly appealed to Warner Bros. shareholders, asking them to reject the Netflix-backed deal that has the support of the Warner Bros. board. Paramount has offered $30 per Warner share, higher than Netflix\u2019s bid of $27.75 per share.<\/p>\n

Following the latest decision by WBD, Reuters quoted Netflix co-CEOs Ted Sarandos and Greg Peters saying it recognises the streaming giant\u2019s deal \u201cas the superior proposal that will deliver the greatest value to its stockholders, as well as consumers, creators and the broader entertainment industry.”<\/p>\n

Location :<\/span><\/p>\n

Washington D.C., United States of America (USA)<\/span><\/p>\n<\/div>\n

First Published:<\/span><\/p>\n
\n

January 07, 2026, 19:00 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> entertainment<\/a> Warner Bros Rejects Paramount\u2019s $108 Billion Takeover Bid, Backs Netflix Deal<\/span><\/div>\n
\n
\n
Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Updated:January 07, 2026, 19:03 IST Warner Bros Discovery rejected Paramount Skydance’s takeover bid, favouring a merger with Netflix to expand consumer choice and strengthen its global content portfolio. Previously, Warner Bros had urged its shareholders to reject the hostile takeover bid of Paramount saying that a merger with Netflix would expand consumer choice, strengthen…<\/p>\n","protected":false},"author":1,"featured_media":19900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-27254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/27254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=27254"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/27254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/19900"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=27254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=27254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=27254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}