Paramount Makes Hostile Bid for Warner Bros.
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The offer comes days after Netflix struck a deal to acquire Warner Bros. Discovery's studio and streaming assets. Paramount's hostile bid is for the entire company.
David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.
Trump & Netflix are in sync, says CEO Ted Sarandos even as Paramount launches a new $108B bid for Warner Bros Discovery
Netflix has already spent $2.3 million lobbying Washington through the first three quarters of 2025, up from an annual record of $1.9 million last year, disclosures show. The streamer’s roster of outside lobbyists includes Monument Advocacy, Mehlman Consulting and Miller & Chevalier.