
WBD Warns of Talent Drain If Paramount Tops Netflix
Warner Bros. Discovery warns that if Paramount Skydance wins control over the company instead of Netflix, a pre-closing exodus of staff could occur as about $6 billion in anticipated synergies would largely come from headcount reductions. Paramount promises $6B in savings and a $30-per-share bid for the whole company, while Netflix contends its offer for WBD’s studio/HBO assets would save $2–3B. Netflix’s bid values assets at $27.75 per share, and WBD previously favored Netflix for those assets; the final outcome may hinge on asset valuation and Paramount’s willingness to raise its bid amid nine prior offers.












