Warner Bros Favors Netflix Offer in Hollywood Takeover Battle
Friday, 2025/12/19156 words2 minutes526 reads
Warner Bros Discovery has made a significant decision in the ongoing Hollywood takeover battle. The company has recommended its shareholders reject a $108.4 billion takeover bid from Paramount Skydance, instead favoring a $72 billion deal with Netflix for its film and streaming businesses.
The Warner Bros board unanimously agreed that the Netflix deal was in the company's best interests, despite Paramount's higher offer. They cited concerns about the risks associated with Paramount's bid and questioned the financial backing from the Ellison family.
This decision reflects a shift in power within the entertainment industry, with streaming giant Netflix now positioned to acquire Warner Bros' movie studio and HBO streaming service. This would give Netflix access to Warner Bros' extensive content library.
The takeover saga is not over yet, as Paramount could still return with another offer. However, any deal will face scrutiny from competition regulators due to concerns about industry consolidation and potential impacts on consumer choice.
