Warner Bros. prefers Netflix’s $72 billion buyout offer over Paramount Skydance’s hostile takeover bid. Paramount’s $30 per share offer is higher than Netflix’s $27.75 per share. A merger with either company would impact Hollywood and streaming platforms, facing regulatory scrutiny. The bids aim to acquire Warner Bros.’ valuable entertainment properties.

Paramount CEO Larry Ellison’s $79.9 billion bid includes cash for Warner’s cable assets, contrasting Netflix’s cash and stock offer. Netflix values Warner at $72 billion, excluding debt, but excludes networks like CNN and Discovery. President Trump has expressed concerns about the deal’s potential audience size.

Paramount’s bid makes a Warner acquisition more likely, with shareholders having until Jan. 8, 2026, to vote. Federal regulators will scrutinize either deal, focusing on the size of a combined Netflix-Warner service and the impact on film studios. The trend of media acquisitions continues as streaming platforms seek growth through consolidation.

Read more at Yahoo Finance: What to know about bidding war between Netflix and Paramount for Warner Bros.