‘Doesn’t pass the sniff test’: Netflix rejects Paramount’s offer for Warner Bros Discovery

2026-01-25 - 21:05

Netflix co-CEO Greg Peters dismissed Paramount Skydance's $108 billion bid for Warner Bros. Discovery as unrealistic, citing its heavy reliance on debt. He contrasted it with Netflix's more stable $82.7 billion all-cash offer, which is gaining traction with shareholders. The potential merger faces significant Hollywood and regulatory scrutiny.