Warner Bros. rejects takeover bid from Paramount, siding with Netflix's offer
Warner Bros. rejected Paramount's $77.9 billion hostile takeover and urged shareholders to back Netflix's $72 billion offer for Warner's studio and streaming assets.
Netflix needs Warner Bros.'s IP and franchises to remain the default streaming service | Fortune
Netflix's $83 billion acquisition of Warner Bros. Discovery would combine major streaming content and franchises but faces antitrust scrutiny and significant integration risks.