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Warner Bros. Discovery has urged shareholders to reject Paramount's offer in favor of Netflix's bid.

Warner Bros. Urges Investors to Reject Paramount

04:10pm, Wednesday, 17'th Dec 2025
Warner Bros. Discovery is pressing shareholders to oppose Paramount Skydance's hostile takeover offer, maintaining support for its original agreement with Netflix.
Warner Bros. Discovery recommended that shareholders reject Paramount's tender offer.
Shares of Paramount Skydance fell more than 4% after trading opened Wednesday, while Warner Bros. Discovery's stock dropped 1%.
Warner Bros.
Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders that embracing Netflix's offer would saddle them with a “heavily indebted, sub-scale linear busi
Warner Bros. Discovery's (WBD) board of directors has rejected the $108 billion hostile takeover bid from David Ellison's Paramount Skydance, calling the offer “illusory,” and saying that Paramoun
Warner Bros. Discovery board rejects Paramount's $30 per share takeover bid, calling it inadequate compared to Netflix's $72 billion merger deal.
Samuel Di Piazza, Warner Bros. Discovery chairman, joins 'Squawk Box' to discuss the financing for the Warner Bros.
Warner Bros. Discovery's board unanimously urged shareholders to reject a tender offer from Paramount Skydance, calling it inadequate and risky while throwing full support behind its proposed merger w
CNBC's David Faber reports on news regarding the bids for Warner Bros. Discovery.
WBD had agreed to sell to Netflix but Paramount swiftly countered with an all-cash offer, which WBD's board is calling ‘inadequate'
The board of Warner Bros Discovery Inc (NASDAQ:WBD) has rejected the $108 billion takeover bid from Paramount Skydance Corp (NASDAQ:PSKY) after a key backer was reported to have pulled out.  Shares
WBD board tells shareholders to reject Paramount Skydance's takeover offer, saying 'value is inadequate'
The odds of a Netflix-Warner combination surged to 74% from 29%, according to Polymarket.
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