Up to date on: Dec 17, 2025 08:47 am IST
A Reuters report says that Warner Bros will adivse its shareholders to vote towards Paramount Skydance’s $108.4 billion takeover bid.
Warner Bros. Discovery’s board may announce a choice as early as Wednesday on Paramount’s $108.4 billion takeover bid, with the board more likely to advise shareholders to vote towards the supply, in response to sources accustomed to the matter.
WB recommits to Netflix
The choice to recommit to Netflix’s buyout supply would mark the most recent twist within the race for belongings that embrace Warner Bros’ storied movie and TV studio, and its in depth movie and tv library, whose portfolio consists of classics starting from Casablanca and Citizen Kane to up to date favorites like Harry Potter and Buddies, HBO and the HBO Max streaming service. A Warner Bros Discovery spokesman declined to remark.
The winner will acquire a giant benefit within the streaming wars by locking up a deep content material library that has lengthy been an acquisition goal.
Netflix earlier this month emerged victorious with a $72 billion cash-and-stock bid for Warner Bros’ non-cable belongings.
What’s Paramount’s bid
Paramount CEO David Ellison then went on to Warner Bros’ shareholders with a $30-a-share, all-cash bid for the entire firm. In regulatory filings, Paramount has stated its bid is superior to Netflix’s supply and would take pleasure in a clearer path to regulatory approval. Its supply is financed by $41 billion in new fairness, which is backed by the Ellison household and RedBird Capital, and $54 billion of debt commitments from Financial institution of America, Citi and Apollo.
Jared Kushner’s Affinity Companions, which was certainly one of Paramount’s financing companions, is exiting the battle, in response to Bloomberg.
Paramount and Affinity Companions didn’t instantly reply to Reuters’ request for remark.
