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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 a takeover battle as Netflix's $82.7 billion offer was favored by the board, prompting Paramount to launch a $108 billion hostile bid backed by Larry Ellison's $40.4 billion personal guarantee. The competing offers have escalated into a proxy fight, with Paramount urging shareholders to tender shares by January 21 and threatening legal action against Warner Bros.

Insights
BMY   neutral

Included in company list with no explicit positive or negative context


WBD   negative

Company is under siege with competing hostile bids, facing shareholder pressure, legal threats, and uncertainty about its future ownership and direction.