Netflix says Paramount bid 'doesn't pass sniff test' as Warner battle intensifies, FT reports
Yahoo Finance·2026-01-23 05:14Jan 23 (Reuters) - Netflix (NFLX) co-chief executive Greg Peters said the company is on track to win the backing of Warner Bros Discovery (WBD) shareholders for its $82.7 billion offer for the company's film and television studios, adding that Paramount's (PSKY) 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 ...