Netflix has recently updated its proposal to an all-cash bid of approximately $82.7 billion, or $27.75 per share, aiming to offer shareholders greater certainty and speed up the deal process
European Union competition authorities are set to review rival takeover bids for Warner Bros. Discovery from Netflix and Paramount Skydance simultaneously—an uncommon move that could heighten the stakes in the high-profile bidding battle for the Hollywood studio.
According to Bloomberg News, the European Commission’s merger watchdog plans a head-to-head assessment because both bids are advancing on similar timelines, and the companies have already held preliminary discussions with regulators.
The takeover contest involves some of the entertainment industry’s most valuable assets, including DC Comics, major franchises such as Friends and Batman, and the HBO Max streaming platform. Ownership of these properties could significantly reshape the global media and streaming landscape.
Netflix recently revised its offer to an all-cash bid of approximately $82.7 billion, or $27.75 per share, aiming to provide shareholders with greater certainty and accelerate the deal process. The proposal has received unanimous approval from Warner Bros. Discovery’s board.
Any potential transaction is expected to undergo extensive antitrust scrutiny beyond Europe, with regulators in the United States and United Kingdom also likely to evaluate its impact on competition and media consolidation.
