Warner Bros. Discovery's board is thinking about reopening deal talks with Paramount Skydance after its updated offer, which could spark a bidding war with Netflix.
Activist investor Ancora Holdings buys $200M stake in Warner Bros. Discovery, slams the $83B Netflix deal as inferior, and pushes for Paramount's rival offer in a heated Hollywood takeover battle.
Netflix surpasses 325M subscribers with strong Q4 results but issues cautious 2026 forecast due to increased content spending and Warner Bros. acquisition costs.
Netflix revises its Warner Bros. Discovery acquisition terms with an all-cash offer for studios and streaming assets amid competition from Paramount and falling stock prices.
Warner Bros. Discovery plans to decline Paramount Skydance's revised acquisition offer despite billionaire Larry Ellison's financing guarantees, preferring Netflix's studio deal instead.
Paramount enhances its $30 per share all-cash bid for Warner Bros. Discovery with Larry Ellison's personal guarantee and improved terms to counter Netflix's competing offer.
