Warner Bros. Discovery likely rejects Paramount’s $108.4B bid after financing fell through, now favoring Netflix’s $82.7B offer for its studios.

Warner Bros. Discovery is expected to reject Paramount Global’s $108.4 billion takeover bid after a key financing partner withdrew, weakening the deal’s viability. Sources indicate the company is now favoring a $72 billion offer from Netflix to sell its film and TV studios, including major franchises like Harry Potter and Game of Thrones. The Netflix proposal, valued at $82.7 billion including streaming assets, would significantly expand the platform’s content library. The outcome hinges on regulatory review and final decisions, with major implications for the future of media consolidation and streaming competition.