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10 Jan 2026 21:34
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      Home > News > Business

    Warner Bros has again rejected a hostile takeover bid from media conglomerate Paramount, telling shareholders to stick with Netflix's rival offer

    Warner Bros has again rejected a hostile takeover bid from media conglomerate Paramount, telling shareholders to stick with Netflix's rival offer

    8 January 2026
    Netflix is offering almost 125-billion New Zealand dollars for the studios and streaming division.

    David Ellison's Paramount is offering almost 135 million for the entire company.

    Warner says its board's determined the offer isn't in the best interests of the company and shareholders, providing insufficient value and too much risk.

    Warner sold its New Zealand TV3 arm to Sky TV last year.

    © 2026 Newstalk ZB, NZCity


     Other Business News
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     09 Jan: A warm welcome for significant changes to laws for earthquake-prone buildings
     08 Jan: Christchurch has been named the country's most turbulent airport for the second year running
     08 Jan: Police are appealing for information, about a boat stolen from a commercial yard in Whangarei on Tuesday
     08 Jan: Hopes new meth-contamination statistics will quell concerns
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     Today's News

    		 Entertainment:
    Nell Fisher says her friends "don't care" that she stars in Stranger Things 21:23

     Environment:
    An expected rain deluge and a possible tropical cyclone are posing fresh threats to already hard-hit communities in Queensland's far north 21:16

     Entertainment:
    Bodybuilder-turned-actress Jayne Trcka has been found dead at her home in California 20:53

     Entertainment:
    Kendall Jenner is celebrating "confidence" in her new role as a global fragrance ambassador for Emporio Armani 20:23

     Entertainment:
    A member of Mickey Rourke's own management team set up GoFundMe campaign for him "as a nice gesture" as he faced eviction from his home 19:53

     Entertainment:
    Kate Hudson doesn't regret making "sacrifices" for her family by staying at home to look after her kids 19:23

     Christchurch:
    Drummond Wharf in Akaroa is cordoned off after a drowning 18:56

     Entertainment:
    Sophie Turner is open to reprising her role as Sansa Stark in a Game of Thrones sequel series 18:53

     Accident and Emergency:
    Separate water-related incidents across the country this afternoon have involved 5 people, including 2 fatalities 18:46

     International:
    Jakara Anthony wins gold, Matt Graham silver at Val Saint-Côme World Cup moguls 18:36

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