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7 Warner Bros. Discovery rejects Paramount's hostile bid

Engadget
Steve Dent @ Engadget 1 place · today 08:10 EDT

Warner Bros. Discovery rejects Paramount's hostile bid

Warner Bros. Discovery's board has formally rejected the $108 billion takeover bid from Paramount Skydance, the company announced. WBD said it remains committed to its $82.7 billion deal with Netflix, which would close some time next year, pending regulatory approval. 
"[The board] has unanimously determined that the tender offer launched by Paramount Skydance on December 8, 2025 is not in the best interests of WBD and its shareholders and does not meet the criteria of a "Superior Proposal" under the terms.

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