Netflix says Paramount bid 'doesn't pass sniff test' as Warner battle intensifies, FT reports


Paramount and Netflix logos are seen in this illustration taken December 8, 2025. REUTERS/Dado Ruvic/Illustration

Jan 23 (Reuters) - Netflix co-chief ‌executive Greg Peters said the company is on ‌track to win the backing of Warner Bros Discovery ‌shareholders for its $82.7 billion offer for the company's film and television studios, adding that Paramount's rival bid "doesn't pass the sniff test", the Financial Times ‍reported on Friday.

In an interview with ‍the FT, Peters said only ‌a "very small" number of WBD shares had been tendered in ‍support ​of Paramount's hostile $108 billion offer for the entire company.

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