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News  ›  Benzinga

How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery

Benzinga Logo Benzinga By Eva Mathew
How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery

Warner Bros. Discovery faces competing acquisition bids in a high-stakes media battle. Netflix's $82.7 billion offer was initially favored by the board, but Paramount launched a $108 billion hostile takeover bid backed by Larry Ellison's $40.4 billion personal guarantee. The bidding war also involves Comcast, with Paramount urging shareholders to tender shares by January 21, 2026.

Insights
MSpO   neutral

Mentioned as a conference host with no specific positive or negative context


WBD   negative

Company is subject to hostile takeover bid and shareholder pressure; facing uncertainty and potential loss of independence