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Here’s a Look at Netflix and Its $72 Billion Offer for Warner Bros.

The U.S. Justice Department has intensified scrutiny of Netflix and Paramount's competing Warner Bros bids amid concerns over market share and media consolidation.

  • This past week, the Justice Department's antitrust division deepened its examination of Paramount's hostile tender, requiring Warner Bros. Discovery to submit extensive market and competitive data.
  • Paramount offers a $30-per-share hostile tender valuing near $108 billion, backed by Larry Ellison's $40.4 billion guarantee, extending to January 21, 2026.
  • On December 23, 2025 regulators issued a second request for documents, extending the review and may include interviews with industry experts and company personnel for both Warner Bros. Discovery and Netflix.
  • Warner Bros. Discovery's board has repeatedly rejected Paramount's proposal, most recently on January 7, 2026, while shareholders favor the Netflix deal as Paramount presses investors directly.
  • The outcome could reshape Hollywood for years, influencing Warner Bros. franchises and streaming market share; Netflix's stock fell around 30% in recent months, likely affecting its share price this year.
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Here’s a look at Netflix and its $72 billion offer for Warner Bros.

Warner Bros., established in 1923, was the first studio to develop “talkies.”

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It wouldn't be an exaggeration to call this acquisition the most important media acquisition of the century. Warner Bros. Discovery's board of directors unanimously rejected Paramount Skydance's second acquisition offer, stating that investors should also reject the new $108.4 billion offer, that the transaction was risky and leveraged, and that they should prefer the competing offer from Netflix. Why did Warner Bros. Discovery choose Netflix ov…

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The lucrative deal will change the image of Hollywood as we know it.

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Confidencial Digital broke the news in on Friday, January 9, 2026.
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