Netflix and Warner Bros. Discovery logos , in this illustration created on Dec. 5, 2025. Dado Ruvic/ReutersThe Warner Bros. Discovery board recommended on Jan. 7 that shareholders should reject Paramount Skydance’s hostile takeover bid.For months, several companies had engaged in a contentious bidding process to buy the entertainment empire, but Netflix has prevailed.
Warner Bros. Again Rejects Latest Paramount Hostile Takeover Bid
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