Entertainment

Warner Bros. Discovery Rejects Paramount’s Latest Takeover Offer, Says It’s Still ‘Insufficient’ Compared With Netflix Deal

January 7, 2026

Warner Bros. Discovery has officially rejected Paramount's latest takeover offer, deeming it inferior to its existing deal with Netflix. The board emphasized that the Netflix merger presents greater value and reduced risks, reaffirming their commitment to advancing that agreement.

WBD Rejects Paramount Skydance Offer

Credit: Variety

Key Highlights

Warner Bros. Discovery rejected Paramount's takeover offer.
The board described the Paramount bid as 'inferior' to the Netflix deal.
The decision to reject the offer was unanimous among the board members.
WBD aims to maximize shareholder value through the Netflix merger.
The rejection and rationale were communicated to shareholders via an SEC filing.

News Netflix Paramount Paramount Skydance David Zaslav Warner Bros. Discovery David Ellison Larry Ellison

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Warner Bros. Discovery Rejects Paramount’s Latest Takeover Offer, Says It’s Still ‘Insufficient’ Compared With Netflix Deal

Key Highlights

Sources

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