( December 17, 2025, 13:03 GMT | Official Statement) -- MLex Summary: Netflix welcomed the Warner Bros. Discovery board’s recommendation that shareholders reject Paramount Skydance’s unsolicited bid and approve its merger agreement with Netflix, which it views as a better and more certain option for investors. The company has submitted US paperwork under the Hart-Scott-Rodino Act and is engaging with competition authorities, including the Department of Justice and the European Commission. The deal is not subject to review by the US Committee on Foreign Investment, it said. "Our $5.8 billion reverse termination fee, which is the largest cash regulatory termination fee in a public M&A transaction, shows our confidence in our ability to obtain required regulatory approvals," Netflix said. See full statement attached. ...
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