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The Latest Breaking News from WBD

Warner Bros. shareholders were ‘consistently misled’ by Paramount, board says in rejection letter: There’s no Ellison family backstop, and never was

Jilted Paramount CEO David Ellison painted a picture of no engagement from WBD. That’s simply not true, according to the Warner Bros. board.

Fortune

Warner Bros Discovery urges shareholders to reject Paramount’s $108.4bn takeover bid

After WBD accused Paramount of misleading investors, the network assured it had ‘all necessary financing’ for the deal

The Guardian - US

Warner Bros reportedly poised to reject Paramount’s $108bn hostile takeover bid

Decision will pave the way for Netflix to proceed with buyout of film and TV group

The Guardian - UK

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Jared Kushner’s firm exits takeover battle for Warner Bros Discovery

Affinity Partners, key backer of hostile bid by Paramount, reportedly steps back following scrutiny of Kushner’s role

The Guardian - US

Trump’s ‘60 Minutes’ obsession causes him to once again lash out at MAGA-friendly owners of CBS

‘If they are friends, I’d hate to see my enemies,’ Trump fumed on Tuesday.

The Independent UK

Paramount Threw a Wrench in Netflix's Bid to Acquire Warner Bros.

Netflix and Paramount Skydance are continuing to wage war against each other as they vie for Warner Bros Discovery. See the latest developments here.

MarketBeat

It's a sequel, it's a remake, it's a reboot: Lawyers grow wistful for old corporate rumbles as Paramount, Netflix fight for Warner

Will Paramount or Netflix win the fight for Warner? Hollywood's takeover drama is in some ways a flashback to the 1980s, in other ways quintessentially 2025.

Fortune

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Deal or no deal? The inside story of the battle for Warner Bros

As Paramount, with close ties to the Trump administration, entered the bidding, experts predict any merger will ‘raise red flags’ among regulators

The Guardian - UK

Wall Street Is Souring on Netflix Stock Amid Warner Bros. Deal Drama. Is It Time to Ditch NFLX Now?

Seaport cut its price target on Netflix, and several other analysts have downgraded NFLX stock.

Barchart

Netflix, Warner, Paramount and antitrust: Entertainment megadeal’s outcome must follow the evidence, not politics or fear of integration

Even President Trump is concerned about this situation. But the answers aren’t obvious.

Fortune

Paramount chief does damage control over ‘60 Minutes’ MTG interview that incurred Trump’s wrath

While the Ellisons have looked to temper the president’s rage over the Marjorie Taylor Greene sitdown, they’ve also assured Donald Trump that they’d make sweeping changes at CNN if Paramount buys Warner Bros. Discovery.

The Independent UK

Why does Netflix want to buy Warner Bros? To copy, not kill, traditional TV

The recent news that Netflix has agreed to buy part of Warner Bros Discovery (WBD) for US$83 billion (£61.8 billion), followed by Paramount Global’s hostile counterbid to acquire WBD in its entirety for US$108.4 billion (£81 billion), has triggered shockwaves through Hollywood and the wider entertainment industry.

The Conversation

Berlusconi's MFE backs Paramount over Netflix in Warner Bros ownership battle

Italy’s largest media group, MFE-MediaForEurope, has publicly thrown its support behind Paramount’s hostile bid for Warner Bros Discovery, arguing that Paramount’s offer would preserve competition in the global streaming market.

Euronews

Trump Calls Current CNN Leadership 'Dishonest,' Wants New Owner in WBD Sale

Trump urges CNN's sale to new owners, calling current leadership "dishonest" amid Warner Bros. Discovery deal.

International Business Times

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Barchart

Is Warner Bros. Discovery Stock Outperforming the Nasdaq?

Although Warner Bros. Discovery has delivered markedly stronger returns than the Nasdaq Composite over the past year, analyst sentiment remains cautiously bullish regarding the stock’s outlook.

Axios

Trump says CNN "should be sold" as part of WBD deal

The president said it was "imperative" that CNN gets a new owner in any transaction.

Barchart

Why This Analyst Says the Warner Bros. Deal Is Bad News for Netflix Stock

Down almost 30% from all-time highs, Netflix stock trades at a sizeable discount to consensus price target estimates in December 2025.

Tom’s Guide

Netflix could kill HBO series like 'Harry Potter' and 'Lanterns' — here's why

Netflix co-CEO Ted Sarandos has hinted that HBO won't do major IP-based shows anymore. But that doesn't mean Warner Bros. won't still make them.

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TechRadar

HBO Max subscriber sues Netflix in dramatic class-action lawsuit, claiming the Warner Bros deal will cause 'irreparable antitrust injury'

HBO Max member Michelle Fendelander has sued Netflix in a bid to prevent it from merging with Warner Bros Discovery.

The Guardian - UK

Channel 4 poaches new chief executive Priya Dogra from Sky

Head of advertising and data at Sky will lead C4’s response to threatened Comcast takeover of ITV

PC Gamer

'We actually didn't attribute any value' to Warner's game studios, Netflix boss says about the acquisition deal: 'They're relatively minor compared to the grand scheme of things'

Ouch, that hurts.

Benzinga

Skydance, Netflix Vie For Warner Bros. — A Trump-Era Antitrust Meltdown In The Making?

Paramount Skydance Corp (NASDAQ:PSKY) has made a hostile all-cash $108-billion bid for Warner Bros. Discovery Inc. (NASDAQ:WBD), giving rival bidder Netflix Inc. (NASDAQ:NFLX) a run for its money and turning the streaming wars into a TV drama-worthy showdown.

International Business Times UK

David Ellison Said To Assure White House He'd Make 'Sweeping Changes' To Steer CNN 'Pro-Trump'

Reports say David Ellison assured White House officials he could reshape CNN's lineup to favour President Trump as Paramount Skydance launched a £81.3bn ($108.4bn) hostile bid for Warner Bros. Discovery, prompting press-freedom alarms and regulatory scrutiny.

Benzinga

Paramount Uses Trump's Son-In-Law Kushner, Sovereign Fund To Counter Netflix's WBD Bid—Experts Warn Of Risky 'Monolith' Despite Streaming Dominance

Paramount Skydance Corp. (NASDAQ:PSKY) has launched a hostile $108 billion bid for Warner Bros Discovery Inc. (NASDAQ:WBD), backed by financing from Jared Kushner's Affinity Partners and Middle Eastern sovereign wealth funds.

International Business Times UK

Media Giants Clash: Paramount Launches $108.4 Billion Hostile Bid For Warner Bros. Discovery

Paramount's $108.4bn hostile, all-cash bid for Warner Bros. Discovery ignites a head-to-head showdown with Netflix's signed, narrower deal.

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Marjorie Taylor Greene

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