Brief by Shorts91 Newsdesk / 06:12pm on 17 Dec 2025,Wednesday Entertainment
Warner Bros has rejected a $108 billion hostile takeover bid from Paramount. The company asked shareholders to back its deal with Netflix instead. Warner Bros said a partnership with Netflix will offer more choice and value to viewers. It also said the deal will help creators reach larger audiences. Paramount made its offer directly to shareholders after its earlier bids were rejected. Paramount offered a higher price per share than Netflix. However, the Warner Bros board said Netflix is the better partner. Shareholders can still choose which offer to support. Any deal will need regulatory and shareholder approval. (PC: X)
