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13 Jan 2026 13:09
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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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    New Zealand Rugby's high performance boss Mike Anthony is moving on to join Premier League football side Brighton More...

    BUSINESS BUSINESS
    The US company trying to takeover Kiwi tech firm Rakon plans to keep its presence here More...


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