Brief by Shorts91 Newsdesk / 03:54am on 17 Dec 2025,Wednesday Entertainment
Warner Bros Discovery is expected to advise shareholders to reject Paramount Skydance’s $108.4 billion hostile takeover bid and instead support Netflix’s earlier acquisition deal for its assets, according to sources. Paramount’s all-cash offer of $30 per share, launched directly to shareholders, tops Netflix’s approximately $82.7 billion cash-and-stock proposal and aims to buy the entire company, including cable networks. Warner’s board favors Netflix’s bid, which focuses on studios and streaming assets, citing better strategic fit. The high-stakes battle over Hollywood’s prized content library marks a major clash in the global media landscape. (PC: Reuters)
