Close
MyNorthwest
News
Opinion
Sports
Tools
Connect

NATIONAL NEWS

Warner Bros rejects takeover offer from Paramount, tells shareholders to stick with Netflix bid

Jan 7, 2026, 4:38 AM

The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollyw...

The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)
Credit: ASSOCIATED PRESS

(AP Photo/Jae C. Hong)

Associated Press's Profile Picture

BY ASSOCIATED PRESS


NEW YORK (AP) — Warner Bros. again rejected Paramount’s latest takeover bid and told shareholders Wednesday to stick with a rival offer from Netflix.

Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to support selling its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has made efforts to sweeten its $77.9 billion hostile bid for the entire company.

Warner Bros. Discovery said Wednesday that its board determined Paramount’s offer isn’t in the best interests of the company or its shareholders and doesn’t meet the criteria of being a superior proposal. It still recommends shareholders support the Netflix deal.

National News

FILE - House Minority Leader Hakeem Jeffries, D-N.Y., center, and members of the Congressional Blac...

Associated Press

Black Caucus launches effort to boost voting among Black, rural and young voters in midterms

WASHINGTON (AP) — A nonprofit run by Black federal lawmakers launched a multimillion-dollar effort Tuesday to engage lower-propensity voters in key districts in the midterm elections, following years of dissatisfaction over traditional efforts to reach such voters. The Congressional Black Caucus Institute’s “SO VOTE” campaign will seek to register and mobilize young voters, as well […]

9 minutes ago

FILE - National flags from Latin American countries are displayed on the field during a celebration...

Associated Press

National Hispanic Heritage Month begins with celebrations across the US

Celebrations across the U.S. are expected in observance of National Hispanic Heritage Month, showcasing the vast diversity and culture of Latinos. Marked each year from Sept. 15 to Oct. 15, the month is an opportunity for many in the U.S. to learn about or be reminded of the contributions of Hispanic people. The nation’s largest […]

6 hours ago

Fed Chair Kevin Warsh arrives at the annual Jackson Hole Economic Policy Symposium on Friday, Aug. ...

Associated Press

Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands

WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut. An increase in the Fed’s rate, currently about 3.6%, […]

6 hours ago

Teachers work with AI on their laptops during the Charleston County School District Charleston Educ...

Associated Press

Microsoft commits to sweeping AI privacy rules for students. Will other tech giants follow?

Millions of students every day turn to AI chatbots for help with schoolwork, emotional support and personal advice — often unaware of where their conversations and other personal information end up. How that data is used — and schools’ role in protecting it — is a growing concern for educators, parents and kids as artificial […]

6 hours ago

FILE - Microsoft's Bill Gates attends a dinner with President Donald Trump in the State Dining Room...

Associated Press

Gates Foundation warns AI could widen inequality as foundation pledges $1B to expand access

NEW YORK (AP) — Bill Gates is warning technology companies and world leaders that they must act now to ensure artificial intelligence combats social inequities rather than deepening disparities — and his foundation is pledging $1 billion to improve access. The Microsoft co-founder made the appeal in the Gates Foundation’s annual Goalkeepers report, which tracks […]

6 hours ago

vote-by-mail ballots...

LINDSAY WHITEHURST, The Associated Press

Supreme Court rejects Trump mail ballot restrictions for now ahead of midterms

The Supreme Court on Monday rejected President Donald Trump’s mail ballot restrictions for now.

11 hours ago

Warner Bros rejects takeover offer from Paramount, tells shareholders to stick with Netflix bid