CNBC reported that Paramount Pictures and Skydance Media are making a hostile bid to acquire Warner Bros. Discovery (WBD) and Netflix, Inc. The two companies aim to create a massive entertainment conglomerate by combining their assets.
However, the deal is facing resistance from WBD’s board of directors, who are skeptical about the proposed acquisition. The standoff between the two parties has raised concerns among investors and analysts about the potential impact on the industry.
The situation remains uncertain as negotiations continue between Paramount, Skydance, and WBD. Any developments in this matter will likely be closely watched by the entertainment sector.
Source: https://www.cnbc.com/2025/12/08/paramount-skydance-hostile-bid-wbd-netflix.html