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Netflix could argue Paramount’s higher WBD bid misstates market shares, risks

By Flavia Fortes and Curtis Eichelberger ( December 9, 2025, 23:46 GMT | Comment) -- Shareholders of Warner Bros. Discovery have until just before Christmas to decide whether Netflix’s $82.7 billion bid for the company is too risky and if they should accept Paramount’s offer of $108 billion. While much has been argued about Netflix’s high market shares, including by President Donald Trump himself, the company is likely to argue that a traditional market definition and market-share analysis doesn’t apply to this case.Shareholders of Warner Bros. Discovery have until just before Christmas to decide whether Netflix’s $82.7 billion bid for the company is too risky and if they should accept Paramount’s offer of $108 billion....

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