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13 Jan 2026 14:24
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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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    An NZIER survey shows business confidence is at its highest point in almost 12 years More...


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