economy
December 9, 2025
Paramount tries to swipe Warner Bros. from Netflix with a hostile takeover
Paramount has already proven it can get a controversial merger done.
TL;DR
- Netflix agreed to acquire WBD's streaming and film businesses for an equity value of $72 billion.
- Paramount is pursuing a hostile takeover of WBD, offering $108.4 billion for the entire company.
- Paramount questions the 'fairness and adequacy' of WBD's bidding process and emphasizes regulatory challenges for Netflix's deal.
- WBD reportedly rejected Paramount's bid, believing it could achieve more long-term value by separating into two companies.
- Paramount aims to combine HBO Max with its own streaming service and emphasizes its deeper ties to the movie theater industry.
- Political influences, including potential connections to Donald Trump, are noted as factors in regulatory approval for both deals.
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