The recent news that Netflix has agreed to buy part of Warner Bros Discovery (WBD) for US$83 billion (£61.8 billion), followed by Paramount Global's hostile counterbid to acquire WBD in its entirety for US$108.4 billion, has triggered shockwaves through Hollywood and the wider entertainment industry.
PHILADELPHIA , Dec. 11, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC advises shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("Warner Bros.
Pier Silvio Berlusconi, chief executive of European broadcaster MFE-MediaForEurope , said he would prefer Paramount's Skydance rather than Netflix as a buyer for Warner Bros Discovery , arguing the move would boost competition in the streaming industry.
Paramount CEO David Ellison wrote a letter to WBD shareholders to win them over. He urged WBD shareholders to tender their shares and switch teams from Paramount to Netflix.
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