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Netflix vs. Paramount: Who Wins the Battle for Warner Bros. Discovery?

And will shareholders win or lose?

By Jason Hall and Jeff Santoro – Dec 10, 2025 at 9:05PM EST

In this video, Motley Fool contributors Jason Hall and Jeff Santoro break down the latest competing deals for Warner Bros. Discovery (WBD 1.33%), between the agreed-upon deal with Netflix (NFLX 0.73%) and the hostile tender offer from Paramount Skydance (PSKY 1.36%).

*Stock prices used were from the afternoon of Dec. 8, 2025. The video was published on Dec. 10, 2025.

Read Next

About the Author

Jason Hall
Jason Hall is a contributing Motley Fool stock market analyst with more than a decade of experience writing about dividend stocks and long-term investing. He has been with the company since 2012 and previously spent over 10 years in technical sales in the printing and information services industry. Jason also founded and operated a small food manufacturing business.
TMFVelvetHammer
X@thesmattering

Jason Hall has no position in any of the stocks mentioned. Jeff Santoro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix and Warner Bros. Discovery. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Netflix Stock Quote
Netflix
NASDAQ: NFLX
$94.20
(-0.73%)-$0.69
Warner Bros. Discovery Stock Quote
Warner Bros. Discovery
NASDAQ: WBD
$27.44
(-1.33%)-$0.37
Paramount Skydance Stock Quote
Paramount Skydance
NASDAQ: PSKY
$9.80
(-1.41%)-$0.14

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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