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20 Jan 2026 4:32
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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


    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

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     19 Jan: Trump is threatening more tariffs over access to critical minerals – will NZ be targeted?
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     Today's News

    		 Politics:
    Donald Trump tells Norway's PM he no longer feels obligation to think only of peace 23:17

     Law and Order:
    A body's been found on the rocks in Torbay on Auckland's North Shore this afternoon 21:57

     International:
    Tensions over Greenland escalate as US threatens tariffs after European troop deployment 21:27

     Business:
    Consumers could soon spot cocoa-free chocolate on shelves - as producers scramble to find cheaper alternatives 21:17

     International:
    At least 39 dead after two high-speed trains derailed in Spain 20:17

     International:
    What has caused a 'smack' of jellyfish to wash up on Melbourne's eastern beaches? 19:37

     Business:
    A word of caution as calls grow to fund weight-management drugs 18:57

     Motoring:
    Tired legs have caught up with New Zealand cyclist Ally Wollaston in the Tour Down Under 18:37

     Business:
    Chocolate products could be in for a shake up - as manufacturers race to develop cocoa alternatives 18:07

     Lower South Island:
    Tom Sexton has prevailed in a bunch sprint to win the second stage of cycling's Tour of Southland 17:27

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