Netflix’s acquisition of Warner Bros. is now virtually a done deal. Paramount may have offered more and more money to win the bid, but the die seems to be cast!
On Wednesday, January 7, 2026, the board of directors of Warner Bros. Discovery once again rejected an offer from Paramount. The group, which intended to buy the entire company for approximately $108 billion, had come with a personal guarantee of $40.4 billion from billionaire Larry Ellison. Ellison is the father of David Ellison, the CEO of Paramount.
Ultimately, Warner decided that the offer represented “significant costs, risks, and uncertainties” due to excessive debt financing. This could lead to the failure of the acquisition and disastrous consequences for shareholders. Netflix’s $82.7 billion proposal is considered more comprehensive and rigorous.
This is an intriguing development in the entertainment industry! It’s fascinating to see how the dynamics between these major studios are shifting. Looking forward to seeing what comes next for Warner Bros. and Netflix.