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Paramount's $72B hostile bid for Warner Bros. Discovery challenges Netflix's offer, aiming to unite major entertainment assets amid streaming competition.
As of December 8, 2025, Paramount Global has launched a hostile takeover bid for Warner Bros.
Discovery, challenging a $72 billion offer from Netflix.
The proposed deal, which includes a mix of stock and cash, aims to create a stronger entertainment entity amid intense competition in streaming.
Paramount argues its leadership would better preserve the value of Warner Bros. assets, including Max and film studios.
Warner Bros.
Discovery has not responded publicly, and no official bid has been filed.
Regulatory scrutiny is expected if the takeover proceeds, with the outcome uncertain.
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La oferta hostil de 72 mil millones de dólares de Paramount para Warner Bros. Discovery desafía la oferta de Netflix, con el objetivo de unir los principales activos de entretenimiento en medio de la competencia de transmisión.