Paramount Skydance and Netflix are locked in a dramatic battle to acquire Warner Bros. Discovery, setting up one of Hollywood’s biggest corporate showdowns. Netflix reached an agreement to buy WBD’s streaming and studio assets, but Paramount responded with a hostile bid, offering US$30 per share to acquire the entire company.
Paramount’s Hostile Bid for Netflix Deal
Netflix’s pitch centres on its massive global distribution and the promise of expanding WBD franchises, while Paramount argues it has a smoother regulatory path. Both CEOs — David Ellison and Ted Sarandos — have discussed the deal with President Donald Trump. The bid also involves major Middle Eastern sovereign wealth funds and Jared Kushner’s private‑equity firm.
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