Netflix claims Paramount offer 'fails to hold up under scrutiny' as competition with Warner escalates, reports FT

Netflix Confident in Securing Warner Bros Discovery Deal

On January 23, Reuters reported that Greg Peters, co-CEO of Netflix, expressed optimism about gaining approval from Warner Bros Discovery shareholders for Netflix's $82.7 billion proposal to acquire the company's film and television assets. Peters also commented that the competing bid from Paramount "doesn't hold up to scrutiny," according to the Financial Times.

During his conversation with the Financial Times, Peters noted that only a "very small" portion of Warner Bros Discovery shares had been offered in favor of Paramount's unsolicited $108 billion bid for the entire company.

Reuters was unable to independently confirm these details at the time of reporting.

Reported by Disha Mishra in Bengaluru