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Warner Bros. board rejects Paramount bid, urges shareholders to back Netflix deal

By Flavia Fortes ( December 17, 2025, 14:10 GMT | Insight) -- Warner Bros. Discovery’s board has rejected Paramount Skydance’s unsolicited takeover offer and is urging shareholders to approve the company’s planned merger with Netflix, saying its proposal offers greater certainty, regulatory clarity and long-term value, according to Netflix. The streaming giant said that it submitted paperwork with the US competition authorities and is engaging with competition authorities, including the US Department of Justice and European Commission.Warner Bros. Discovery’s board has rejected Paramount Skydance’s unsolicited takeover offer and is urging shareholders to approve the company’s planned merger with Netflix because its proposal offers greater certainty, regulatory clarity and long-term value, according to Netflix....

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