UNDERNEWS: Warner Bros. Discovery recommends investors reject Paramount's hostile takeover bid

December 17, 2025

Warner Bros. Discovery recommends investors reject Paramount's hostile takeover bid

NBC News - The board of Warner Bros. Discovery said it was recommending that shareholders reject the hostile takeover bid from Paramount Skydance, and its controlling shareholders, the Ellison family. Warner Bros. Discovery said it was instead sticking with its initially announced deal to sell its studio, HBO, and HBO Max to Netflix. "The terms of the Netflix merger are superior," WBD said in a letter to shareholders.

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

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Sam's a cynical cat -- Marion Barry

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