Warner Bros. Discovery rejects Paramount Skydance's bid, favors Netflix merger

Name: Warner Bros. Discovery rejects Paramount Skydance's bid, favors Netflix merger
Uploaded: 2026-01-22T21:15:19Z
Duration: 56 s
Description: Liz Claman discusses the "Studio Wars" as Paramount Skydance Corp. gains nearly 2% after extending its deadline for shareholders to weigh in on its bid for Warner Bros. Discovery (WBD). However, WBD quickly rejected Skydance's move, stating its board unanimously rejected the offer in favor of a superior merger with Netflix. WBD's shares are down, while Netflix is also pulling back.

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Liz Claman discusses the "Studio Wars" as Paramount Skydance Corp. gains nearly 2% after extending its deadline for shareholders to weigh in on its bid for Warner Bros. Discovery (WBD). However, WBD quickly rejected Skydance's move, stating its board unanimously rejected the offer in favor of a superior merger with Netflix. WBD's shares are down, while Netflix is also pulling back.