Netflix (NFLX) welcomed the recommendation from the Warner Bros. Discovery (WBD) Board for stockholders to reject the unsolicited offer from Paramount Skydance (PSKY), launched on December 8, 2025. Ted Sarandos and Greg Peters sent letter to Warner Bros. Discovery stockholders, and said they believe Netflix is the right home for Warner Bros.
Ted Sarandos, Netflix co-CEO, said: "This was a competitive process that delivered the best outcome. Netflix and Warner Bros. complement each other. We're fully committed to releasing Warner Bros. films in theaters, with a traditional window, so audiences everywhere can enjoy them on the big screen."
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Business News
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.