{"id":2548256,"date":"2026-01-22T19:17:01","date_gmt":"2026-01-23T00:17:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wbd-says-most-shareholders-rejected-inferior-paramount-offer\/"},"modified":"2026-01-22T19:17:58","modified_gmt":"2026-01-23T00:17:58","slug":"wbd-says-most-shareholders-rejected-inferior-paramount-offer","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wbd-says-most-shareholders-rejected-inferior-paramount-offer\/","title":{"rendered":"WBD says most shareholders rejected &#8216;inferior&#8217; Paramount offer"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwbd-says-most-shareholders-rejected-inferior-paramount-offer%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2548256&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Warner Bros. Discovery said more than 93% of its shareholders rejected paramount Skydance&#8217;s hostile takeover bid, instead backing Netflix&#8217;s amended all\u2011cash offer. The company&#8217;s board-which has rejected Paramount&#8217;s proposal multiple times-said shareholders agree the Netflix deal is superior and expressed confidence it can <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/byd-enters-indias-passenger-car-market-amid-global-push\/\" title=\"BYD enters India\u2019s passenger car market amid global push\">obtain regulatory approval<\/a>.Paramount extended its tender deadline to Feb. 20 after only about 7% of shares were tendered by the initial Jan. 21 deadline; Paramount CEO David Ellison is still trying to win more support. Netflix&#8217;s revised all\u2011cash offer is valued at $27.75 per share versus Paramount&#8217;s $30 per share, and Warner shareholders are expected to vote on the transaction by April. Federal antitrust review has not yet been publicized; the deal has drawn political attention (including criticism from former President Trump) and will face scrutiny at an upcoming Senate Judiciary antitrust subcommittee hearing where Netflix and Warner executives are expected to testify.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Warner Bros. Discovery says over 93% of its shareholders rejected &lsquo;inferior&rsquo; Paramount offer<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2478841\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Warner Bros. Discovery has said <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">that over 93% of its shareholders rejected&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/paramount\/\">Paramount Skydance&rsquo;s<\/a>&nbsp;offer to buy the&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/entertainment\/\">entertainment company<\/a>&nbsp;in favor of <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/netflix\/\">Netflix&rsquo;s<\/a><\/span>  modified all-cash bid.<\/p>\n<p>&ldquo;Once again, Paramount continues to make the same offer our Board has repeatedly and unanimously rejected in favor of a superior merger agreement with Netflix. It&rsquo;s also clear our shareholders agree, with more than 93% also rejecting Paramount&rsquo;s inferior scheme,&rdquo; Warner Bros. said on Thursday, fully backing its pending deal with Netflix.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4430521\/real-housewives-star-angie-k-testifies-congress-support-american-franchise-act\/\">Real Housewives star Angie K testifies in Congress to support American Franchise Act<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/healthcare\/4427797\/unitedhealth-group-vows-give-customer-rebates-affordable-care-act-profits\/\">UnitedHealth Group vows to give customer rebates with Affordable Care Act profits<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4425236\/whitmer-blames-lack-electric-vehicle-investments-chaotic-policy-terrain\/\">Whitmer blames lack of electric vehicle investments on &#8216;chaotic policy terrain&#8217;<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;We are confident in our ability to achieve regulatory approval for the Netflix merger and look forward to delivering the tremendous and certain value our agreement will provide to Warner Bros. Discovery shareholders,&rdquo; it added.<\/p>\n<p>The Warner Bros. Board of Directors has <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4409528\/warner-bros-tells-shareholders-reject-paramount-takeover-bid\/\">rejected Paramount&rsquo;s bid<\/a> at least eight times.<\/p>\n<p>The statement came after Paramount extended the deadline for Warner Bros. shareholders to tender their shares into its hostile bid. Only 7% of shareholders have tendered their shares by the initial Jan. 21 deadline, which has been pushed back to Feb. 20.<\/p>\n<p>Paramount CEO David Ellison hopes to get more Warner Bros. shareholders on board, but his efforts may be futile, as the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >vast majority remain firmly<\/a> behind the deal with Netflix. Paramount has repeatedly touted its &ldquo;superior&rdquo; offer, but the Warner Bros. board continues to disagree.<\/p>\n<p>On Tuesday, Netflix announced an amended all-cash bid to counter Paramount&rsquo;s claim that its all-cash deal is better for shareholders than the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ratings-for-duchess-meghans-show-are-catastrophic-we-honestly-didnt-know-the-rating-numbers-went-this-low\/\" title=\"Ratings for Duchess Meghan&#039;s Show Are Catastrophic - We Honestly Didn&#039;t Know the Rating Numbers Went This Low\">streaming service&#038;rsquo<\/a>;s previous cash-and-stock bid. Netflix&rsquo;s offer is valued at $27.75 per share compared to Paramount&rsquo;s $30 per share.<\/p>\n<p>Warner Bros. shareholders are expected to vote on the revised transaction by April. Paramount is actively pushing for shareholders to reject the proposed Netflix-Warner Bros. merger.<\/p>\n<p>There&rsquo;s also the question of federal regulators&rsquo; antitrust concerns that haven&rsquo;t fully developed.<\/p>\n<p>The <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/department-of-justice\/\">Department of Justice&rsquo;s<\/a> Antitrust Division has not publicly commented on the deal yet, although President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a> said he would weigh in on it during the regulatory approval process. Trump appears to oppose the Netflix deal after he shared a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.oann.com\/commentary\/stop-the-netflix-cultural-takeover\/\">critical op-ed<\/a> in a Truth Social post this month.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/4425206\/netflix-announces-modified-all-cash-bid-warner-bros-discovery-after-paramount-threats\/\">NETFLIX ANNOUNCES MODIFIED ALL-CASH BID FOR WARNER BROS. DISCOVERY AFTER PARAMOUNT THREATS<\/a><\/strong><\/p>\n<p>In the meantime, Netflix is set to face scrutiny at a congressional hearing next month. Netflix co-CEO Ted Sarandos and Warner Bros. Chief Strategy Officer Bruce Campbell are expected to testify before the Senate Judiciary Committee&rsquo;s antitrust subcommittee, according to <em>Bloomberg<\/em>.<\/p>\n<p>Sen. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/mike-lee\/\">Mike Lee<\/a> (R-UT), the subcommittee chairman, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/basedmikelee\/status\/1996431519590547705?s=46\">expressed his concerns<\/a> before Netflix and Warner Bros. announced their deal last month. The hearing date has not been finalized yet.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>93% of WBD shareholders spurn Paramount bid<\/p>\n","protected":false},"author":2159,"featured_media":2548257,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP25351732663297.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[11089,54802,16537,68436],"class_list":["post-2548256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-acquisition","tag-paramount-2","tag-shareholders","tag-warner-bros-discovery"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP25351732663297.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2548256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2548256"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2548256\/revisions"}],"predecessor-version":[{"id":2548260,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2548256\/revisions\/2548260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2548257"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2548256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2548256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2548256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}