Warner Bros. is on the verge of being acquired by Netflix after a massive deal was announced to buy its streaming assets for $82.7 billion. But just three days later, rival bidder Paramount Skydance Corp. launched a hostile takeover bid worth $108.4 billion. Either outcome will need government approval.
The shift to streaming has put pressure on traditional media companies like Warner Bros., affecting revenue from cable subscriptions, ads, and movie ticket sales. To compete, the company merged with Discovery Inc. in 2022 to create new content for its streaming platform.
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Source: https://www.bloomberg.com/news/articles/2025-12-08/as-netflix-paramount-battle-to-buy-warner-bros-what-s-at-stake