Warner Bros. Discovery Stock News

Warner Bros Discovery said on Wednesday its board rejected a revised bid from Paramount Skydance, calling it a risky leveraged buyout that posed significant risks, and reaffirmed its support for Netflix's proposal to buy some of its assets.

Warner Bros Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject.

Following Comprehensive and Rigorous Review, Warner Bros. Discovery Board Continues to Recommend Stockholders Approve Netflix Agreement More Information on How Netflix and Warner Bros.

Paramount Skydance has guaranteed the backing of billionaire Larry Ellison in its hostile offer for Warner Bros. Discovery, but has fallen short of upping the amount.

Warner told shareholders to back its existing deal with Netflix, saying the Paramount deal isn't ‘even comparable.'

Offer Remains Inferior to Netflix Merger Agreement Across Numerous Key Areas Value is Insufficient Given Significant Costs, Risks and Uncertainties Heightened Risk of Failure to Close Compared to Netflix Combination Significant Potential Consequences for Shareholders if PSKY Offer Fails to Close NEW YORK, Jan. 7, 2026 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros.

Some investors are beginning to worry that the same industry pressures leading to Versant's trading woes will plague the value of the Netflix bid.

Inside the Paramount Skydance camp, there's a running joke about what new “excuse” Warner Bros. Discovery will come up with next to reject PSKY's latest “sweetened” takeover offer for the media conglomerate.