economy
January 20, 2026
Netflix modifies bid for Warner Bros. Discovery after Paramount threats
Netflix announced its modified all-cash bid for Warner Bros. Discovery on Tuesday after Paramount Skydance continued to threaten a hostile takeover of the Hollywood studio.
TL;DR
- Netflix submitted a modified all-cash bid for Warner Bros. Discovery.
- The revised offer aims to provide greater value certainty and expedite the stockholder vote.
- Paramount has been attempting a hostile takeover of Warner Bros. through legal challenges and a planned proxy fight.
- Warner Bros. intends to proceed with the Netflix deal, rejecting Paramount's efforts.
- Warner Bros. plans to spin off its cable networks under Discovery Global before the Netflix merger closes.
- Both Netflix and Warner Bros. boards have unanimously approved the amended all-cash bid.
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