Warner Bros Discovery (WBD) says Paramount Skydance (PSKY) continues to make same offer and their board repeatedly, unanimously rejected in favor of superior merger with Netflix (NFLX); WBD is confident in its ability to achieve regulatory approval

Warner Bros Discovery's (WBD) reaffirmation of their commitment to merge with Netflix (NFLX) over Paramount Skydance's (PSKY) offer indicates strong shareholder support and a clear strategic direction.

Newsquawk StaffPublished 22 Jan 2026, 15:07 UTCOn the live feed at 14:47 UTC — 16 more headlines followed before this page went public

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Warner Bros Discovery (WBD) says Paramount Skydance (PSKY) continues to make same offer and their board repeatedly, unanimously rejected in favor of superior merger with Netflix (NFLX); WBD is confident in its ability to achieve regulatory approval

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Also clear its shareholders agree, with more than 93% also rejecting Paramount’s inferior scheme.

Context

With 93% of shareholders rejecting the competing offer, WBD is likely to face less resistance in achieving regulatory approval, which could position them favorably in the media landscape moving forward.

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