Warner Bros. In a letter to shareholders, Warner Bros.' board said Paramount's revised $108.4-billion US hostile bid amounted to a risky leveraged buyout that investors should reject. "Our binding agreement with Netflix will offer superior value at greater levels of certainty, without the significant risks and costs Paramount's offer would impose on our shareholders," Warner Bros. WATCH | More on Paramount's offer to Warner Bros.: Paramount launches hostile takeover bid for Warner Bros. | Duration 2:03 Paramount Skydance made a hostile takeover bid for Warner Bros. The company's hostile bid is still on the table, and Warner shareholders currently have until Jan. 21 to "tender" their shares.

Source: CBC News January 07, 2026 14:28 UTC