Key Points
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Warner Bros. Discovery’s board has endorsed Netflix’s $82.7 billion buyout offer, rejecting a larger bid from Paramount Skydance.
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As of January 8, 2026, Netflix shares are trading at $91.18, a 30% decline from their all-time high of $133.91 in June 2025.
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Netflix is scheduled to report Q4 2025 results on January 20, 2026, amid ongoing uncertainty surrounding the buyout process.
On December 5, 2025, Netflix proposed a complex deal that would involve separating Warner Bros. from its Discovery-branded assets prior to acquiring its streaming and movie studio divisions. The current standoff has investors concerned about potential outcomes including a hostile takeover by Paramount Skydance, which might lead to significant debt increases for Netflix and massive shareholder dilution. The board’s unanimous support for Netflix’s offer highlights their commitment to exiting Discovery and maintaining independence amid turbulent negotiations.
