Netflix reportedly closes in on Warner Bros deal

BBC News - WorldCenterEN 2 min read 100% complete December 5, 2025 at 10:46 AM

AI Summary

medium article 2 min

Netflix is reportedly nearing a deal to acquire Warner Bros Discovery's film and streaming businesses, outbidding rivals like Comcast and Paramount Skydance with an offer of $28 per share. Paramount initially bid $24 a share for the entire company in October, which Warner Bros rejected. Paramount has since made a renewed bid closer to $27 a share. Paramount's lawyers have questioned the fairness of the sale process, accusing Warner Bros of favoring Netflix and alleging that Netflix's offer is not as good for shareholders because it would require breaking up the business. Experts suggest that the US competition regulator is likely to scrutinize the deal due to the potential creation of a global entertainment mega-power.

Key Entities & Roles

Key Player Opposition Context

CNN 30% HBO Max 40% Paramount ×560% Warner Bros Discovery ×470% Netflix ×680%

Keywords

warner bros 100% netflix 100% acquisition 80% paramount 70% streaming 70% takeover 60% bidding war 60% media 50% hbo max 40% competition regulator 40%