Netflix Inc

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Paramount and Netflix: Both Lose If Netflix Wins the Auction for Warner Bros. Discovery

Matthew Dolgin

Dec 4, 2025

CNBC reported that Netflix is the leading bidder to acquire Warner Bros. Discovery, and CNBC published a letter that Paramount sent to Warner alleging that Warner is running an unfair process. Paramount is likely bidding for all of Warner, while Netflix is interested only in streaming and studios.

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Netflix Inc

Paramount and Netflix: Both Lose If Netflix Wins the Auction for Warner Bros. Discovery

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