Netflix Wins Bidding War For Warner Bros. Discovery

Netflix Wins Bidding War For Warner Bros. Discovery

December 5, 2025 / Nathan Pine /


Netflix has emerged victorious with what the highest and the winning bid for Warner Bros. Discovery and is starting exclusive talks to finalize a deal, Deadline has confirmed. It follows a tumultuous day that saw Paramount move aggressively to counter a the giant streamer and seal a deal of its own.

Netflix is said to have offered $28 a share for WBD, which put itself on the block in October. It beat out David Ellison’s Paramount and Comcast. Netflix will acquire the Warner Bros. Studios and HBO Max streaming assets. Paramount’s offer was for all of WBD.

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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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