Paramount’s Warner takeover bid hits court snag as Netflix deal heads toward proxy fight

A Delaware judge declined to fast-track Paramount Skydance’s attempt to access Warner Bros Discovery’s disclosures amid the battle over Netflix’s $82.7 billion takeover bid. Vice Chancellor Morgan Zurn ruled Paramount failed to prove “cognizable irreparable harm.” A lawyer for Warner argued, “This movie is still being shot.” Paramount insisted shareholders should question why the board is “working so hard to hide this information,” while Warner’s team fired back, “The auction ended last year, and Paramount lost.”

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Netflix stock barely moves after hours as KeyBanc cuts target ahead of Warner deal-heavy earnings

Netflix stock barely moves after hours as KeyBanc cuts target ahead of Warner deal-heavy earnings

Netflix, Inc. shares dipped roughly 0.1% to $88 in after-hours trading Friday after KeyBanc cut its price target to $110 from $139, citing uncertainty over the company’s planned Warner Bros deal. The stock fluctuated between $87.82 and $88.64 during the session, with around 47 million shares traded. KeyBanc analyst Justin Patterson maintained an Overweight rating, expecting the stock to outperform peers, but noted 2026 guidance could suggest only about 200 basis points, or 2 percentage points, in operating-margin improvement.
17 January 2026
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Netflix stock falls after hours as Reuters reports possible all-cash Warner Bros bid shift

Netflix stock falls after hours as Reuters reports possible all-cash Warner Bros bid shift

Netflix shares slipped about 2% after the bell on Wednesday after a source told Reuters the streamer is preparing an all-cash bid for Warner Bros Discovery’s studios and streaming businesses, replacing an earlier cash-and-stock offer valued at $82.7 billion. The stock traded at $88.55, down $1.79 from Tuesday’s close, after moving between $87.99 and $92.35 during the session.
14 January 2026
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Netflix stock barely moves as Paramount lawsuit intensifies fight over Warner deal

Netflix stock barely moves as Paramount lawsuit intensifies fight over Warner deal

Netflix, Inc. shares were little changed on Tuesday after Paramount Skydance sued Warner Bros Discovery and said it would nominate directors in a bid to block Warner’s planned deal with Netflix, Reuters reported. Paramount is pitching a $30-per-share all-cash tender offer — an offer to buy stock directly from shareholders — that expires on Jan. 21, versus Netflix’s $82.7 billion cash-and-stock agreement valued at $27.75 per share for Warner’s studios and streaming assets. Netflix was up 0.03% at $89.44 in late-morning trade, while Warner fell 0.3% and Paramount Skydance slipped 0.5%.
13 January 2026
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Paramount takes Netflix-Warner deal fight to Congress as takeover battle turns political

Paramount takes Netflix-Warner deal fight to Congress as takeover battle turns political

Paramount has urged U.S. lawmakers to take a hard look at Netflix’s proposed acquisition of key Warner Bros Discovery assets. In a written filing, the company labeled the deal “presumptively unlawful.” Paramount also dismissed claims that free video platforms can compete with paid streaming as “psychedelic antitrust,” arguing there’s “no ground in market or legal reality” for such comparisons.
11 January 2026
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Netflix stock slips as Paramount challenges Warner deal; CPI and earnings are next

Netflix stock slips as Paramount challenges Warner deal; CPI and earnings are next

Paramount Skydance on Thursday reiterated that its $108.4 billion, $30-a-share bid for Warner Bros. Discovery trumped Netflix’s $27.75-a-share cash-and-stock deal for WBD’s studios and streaming assets. Netflix shares closed down 1.2% on Friday at $89.46. “But Paramount has a point - fading TV networks aren't appealing to most investors,” Ross Benes, a senior analyst at eMarketer, said.
10 January 2026
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