Netflix set to bolster its Warner Bros. bid
Digest more
Warner Bros. Discovery’s board told shareholders Paramount’s amended offer was inferior to Netflix’s takeover bid.
As you know, at the end of last year, your Board of Directors concluded its process to maximize shareholder value by entering into our merger agreement with Netflix. Since then, Paramount Skydance (“PSKY”), a bidder in that process, has commenced a hostile tender offer to acquire WBD, which it recently amended on December 22, 2025.