The ongoing situation involving Warner Bros. Discovery, Netflix, and Paramount has taken a turn, with Warner Bros. Discovery now confirming it will honor its initial deal with Netflix.
Bloomberg reports that Warner Bros. Discovery’s board is likely to advise shareholders to decline Paramount’s recent offer. They’re leaning towards accepting a competing bid from Netflix, which they consider more favorable.
Following a careful review of Paramount’s offer, the Warner Bros. board has decided that their current deal with Netflix is more beneficial, secure, and favorable overall, according to a Bloomberg report.
Warner Bros. Discovery (WBD) and Netflix initially agreed to a deal where Netflix would acquire WBD for a total of $82.7 billion, valuing shares at $27.75 each. Later, Paramount made a competing offer for the entire company at $30 per share. This Paramount offer effectively valued the traditional TV networks and other parts of the business at just $2.25 per share, assuming the streaming services remained valued at the original $27.75 per share.
It wasn’t surprising when the offer was rejected. Shortly after Paramount made its unwanted bid, Warner Bros. Discovery announced its board still supported the deal with Netflix and wouldn’t be changing its position.
While the Board supports the Netflix deal, investors still have the final say and could vote against it. If the deal goes through, Netflix plans to complete its purchase of Warner Bros. after Warner Bros. Discovery finishes splitting into separate companies in 2026. This would give Netflix ownership of all Warner Bros. Games assets, like Mortal Kombat, DC properties, and the Harry Potter franchise, among others.
What are your thoughts on Netflix potentially buying Warner Bros., and why Paramount’s offer was turned down? Share your opinions below and continue the conversation on our TopMob Discord server!
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2025-12-17 00:48