Bloomberg and Variety reported that Paramount Skydance has cried foul over the sales process, labeling it “tainted”. In a letter sent to Warner's CEO David Zaslav, Paramount's attorneys alleged that Warner's board had “embarked on a myopic process with a predetermined outcome that favors a single bidder,” refering to Netflix.
Move comes after the latest round of bids for the media company. Paramount and Comcast also made offers.
Netflix has entered exclusive talks with Warner Bros Discovery to acquire its studio and streaming service, a Bloomberg News reporter said in a post on X.
| - Industry | - Sector | Theodore A. Sarandos CEO | XMUN Exchange | US64110L1061 ISIN |
| US Country | 14,000 Employees | - Last Dividend | 17 Nov 2025 Last Split | 23 May 2002 IPO Date |
Netflix, Inc. stands as a premier provider of entertainment services, established in 1997 and headquartered in Los Gatos, California. The company has revolutionized the way people consume entertainment by offering a wide array of TV series, documentaries, feature films, and games via streaming. Netflix's service is accessible across approximately 190 countries, making it a global leader in the streaming content industry. Through its commitment to delivering diverse and engaging content, Netflix continues to shape the future of digital entertainment, offering its members the convenience of enjoying their favourite shows and movies on a plethora of internet-connected devices.