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17 Jan 2026 12:21
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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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     15 Jan: Potential for a dairy price recovery
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    Finance Minister Nicola Willis has dropped some hints about this year's budget More...


     Today's News

    		 Rugby League:
    Nelson Asofa-Solomona is calling out all-comers from the NRL following a statement win in his professional boxing debut 11:57

     Entertainment:
    Taylor Swift has donated a "generous gift" to Brad Paisley's non-profit organisation 11:53

     Entertainment:
    Nick Reiner's former attorney insists his client is "not guilty" despite stepping down from his case 11:23

     Education:
    Students are being reminded not to be too harsh on themselves, as NCEA results come out 11:07

     International:
    Today in History, January 17: When Lance Armstrong finally admitted to Oprah he doped his way to seven Tour de France titles 10:57

     Entertainment:
    Chelsea Handler has taken a shot at Timothee Chalamet for his boastful comments in interviews 10:53

     Law and Order:
    The man accused of killing conservative activist Charlie Kirk has appeared in court in the US 10:47

     Environment:
    Sarah Blizzard's stunning sportsmanship helps Dutch bobsledders achieve Winter Olympics dream 10:27

     Law and Order:
    Police in the Far North are encouraging would be cops on South Island waiting lists to make the trip up 10:27

     Entertainment:
    Kiefer Sutherland has been arrested after allegedly assaulting a rideshare driver, according to police 10:23

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