Here's what Netflix's co-CEOs are saying after WBD rejected Paramount's hostile bid
Business Insider·2025-12-17 21:27

Netflix and Warner Bros. are moving toward a marriage, even as Paramount Skydance plans to crash the wedding. Warner Bros. Discovery rejected Paramount again on Wednesday after the David Ellison-led company made a hostile offer for 30pershareforallofWBDlastweek.Instead,WBD′sboardrecommendedshareholdersstickwith itsNetflixdeal tosellassets,includingitsstudio,HBO,andHBOMax,for30 per share for all of WBD last week. Instead, WBD's board recommended shareholders stick with its Netflix deal to sell assets, including its studio, HBO, and HBO Max, for 27.75 per share. In the Netflix deal, WBD's cable networks, like CNN, would be separated from the studio ...