Warner Bros. will reject Paramount bid for Netflix deal
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Warner Bros. and Netflix leaders put on a show of force Wednesday when Netflix co-CEOs paid a visit to the Warner Bros. lot in Burbank.
The cash-and-stock deal would give the world’s largest paid streaming service expansive power over theater owners and entertainment-industry unions.
Warner Bros Discovery rejected Paramount Skydance's $108.4 billion hostile takeover bid and kept Netflix's offer. Users noticed changes on Netflix's homepage. Deets here!, Hollywood, Times Now
Netflix has made waves in entertainment with its deal to acquire Warner Bros. The streaming giant announced on December 5 that it had reached an agreement to purchase Warner Bros.