Netflix will pay for Warner Bros. Discovery's streaming and studio division entirely in cash to edge out its rival Paramount — the latest chapter in a months-long saga that, once concluded, could significantly change the global entertainment industry.

Paramount claims that the board of directors hid the value of Paramount's proposed offer to stockholders in an effort to expedite a deal with Netflix.

On the same day that Warner Bros. rejected Paramount’s $108 billion hostile bid for the company, CEO David Zaslav welcomed Netflix co-CEOs Ted Sarandos and Greg Peters to the famed Warner Bros. Studio, showing their less-than-subtle preference for the ...

NEW YORK (AP) — Warner Bros. Discovery is recommending its shareholders reject an unsolicited buyout offer from Paramount Skydance in favor of a rival bid from Netflix it said will better serve their interests and the entertainment company’s audiences.

NEW YORK (AP) — Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers and creators. “Today the Warner Bros. Discovery Board sent a clear message to you ...