Paramount Counters Netflix With $108bn Bid for Warner Bros. Discovery

By Michael Ehindero
Paramount has launched a surprise counteroffer for Warner Bros. Discovery (WBD), just days after Netflix unveiled plans to acquire the media giant in a deal valued at nearly $83 billion, including debt. The move sets the stage for what could become one of the most significant takeover battles in Hollywood’s history.

In a statement on Monday, Paramount said it would take its $30-per-share all-cash offer directly to WBD shareholders. The proposal, which includes WBD’s Global Networks division, values the company at $108 billion, far higher than Netflix’s offer. Paramount also urged WBD’s board to reject Netflix’s bid.

“We believe our offer will create a stronger Hollywood,” Paramount chief executive David Ellison said, adding that the proposal serves “the best interests of the creative community, consumers and the movie theatre industry.”

The escalating contest has drawn political scrutiny. U.S. President Donald Trump has raised concerns about the potential concentration of market power should Netflix succeed in acquiring WBD.

Netflix, however, maintains confidence in gaining regulatory approval, arguing the merger would deliver value for consumers, shareholders and content creators while reducing dependence on external studios.

Paramount’s aggressive bid underscores the intense competition and high strategic stakes surrounding one of Hollywood’s most valuable content libraries, as the streaming industry braces for further consolidation.


Share this story

Comments

Post a Comment

Post a Comment

Trending Stories On MEB

Anda Damisa, Nigerian Influencer known as 'Lazywrita' leaves Cryptic Instagram Scheduled Post before committing Su!c!de

By Michael Ehindero
Image
Anda Damisa , a Nigerian Influencer & content creator popularly known online as “ LazyWrita ,” on December 29 announced his own death in a scheduled post shared on Instagram before killing himself. In the post, Damisa disclosed that he had deactivated his other social media platforms, including his TikTok and YouTube accounts. In the months leading up to the announcement, Damisa had spoken publicly about his mental health struggles and his decision to step back from social media. View this post on Instagram A post shared by Anda Damisa (@lazywrita) In a detailed post shared on his Instagram page on Monday, he spoke of being deeply weary of life, expressed gratitude to friends and loved ones for their years of support, and indicated that he no longer had the strength to go on. He described himself as “happy, unburdened and free,” and offered farewell messages to close friends and a former lover, urging them not to feel guilt or bl...
Read more

Anthony Joshua Injured in Ogun Road Accident, Two Dead

By Michael Ehindero
Image
World   renowned boxer Anthony Joshua was involved in a road accident earlier today in Makun, Ogun State. Eyewitnesses say the incident occurred around 11 a.m. on the Lagos-Ibadan Expressway, near Danco Filling Station, before the Sagamu Interchange on the Ibadan-bound lane. Joshua was traveling in a Lexus SUV, registration number KRD 850 HN, which reportedly collided with a stationary truck. The circumstances surrounding the crash are still under investigation. _______________________ RELATED: Anthony Joshua knocks out Jake Paul in Miami [WATCH] _______________________ Adeniyi Orojo, an eyewitness and participant in the rescue operation, said Joshua sustained minor injuries while two people unfortunately died at the scene,” he added. Orojo described the convoy involved in the crash, saying "It was a two-vehicle convoy: a Lexus SUV and a Pajero SUV. Joshua was seated behind the driver, with another person beside him. There was also a pas...
Read more

USA Announces Visa Suspension for Nigerians, Effective January 1, 2026

By Michael Ehindero
Image
The United States has announced a partial suspension of the issuance of certain visas to Nigerian nationals, effective from January 1, 2026, following a new presidential proclamation on border and national security. In a statement issued on Monday, the US Mission in Nigeria said the restriction will take effect at 12:01 a.m. Eastern Standard Time on January 1, 2026, in line with Presidential Proclamation 10998, titled “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States.” Nigeria is among 19 countries affected by the measure. Others listed include Angola, Antigua and Barbuda, Benin, Burundi, Côte d’Ivoire, Cuba, Dominica, Gabon, The Gambia, Malawi, Mauritania, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia and Zimbabwe. The US government clarified that the proclamation applies only to foreign nationals who are outside the United States on the effective date and who do not hold a valid US visa as of January 1, 2026. It ad...
Read more

Anthony Joshua knocks out Jake Paul in Miami [WATCH]

By Michael Ehindero
Image
Anthony Joshua knocked out Jake Paul in the sixth round of their highly anticipated bout in Miami, ending the contest decisively. The British two-time world heavyweight champion is now expected to pursue a long-awaited showdown with fellow Briton Tyson Fury. Paul exceeded expectations by surviving the early rounds against Joshua in a fight that drew widespread attention and controversy across the boxing world.    ________________________ ________________________ The contest, which reportedly saw both fighters share a staggering $184 million purse, raised concerns because of the vast difference in size, experience and pedigree between Joshua, a former two-time world champion, and Paul, an internet personality turned boxer. At one point, even referee Christopher Young appeared frustrated, admonishing both fighters in the fourth round, telling them: “The fans did not pay to see this.” As the bout wore on and Paul began to get tired, Joshua increased the ...
Read more

Thieves Drill into German Bank Vault, Steal €30m in Cash & Gold in Massive Christmas Heist

By Michael Ehindero
Image
German police have launched an intensive manhunt after one of the largest bank heists in Germany’s recent history, in which thieves drilled into the underground vault of a Sparkasse savings bank in Gelsenkirchen and stole cash, gold and jewellery estimated at about €30 million . The carefully planned robbery occurred over the Christmas holiday in the Buer district of Gelsenkirchen, western Germany. Investigators believe the suspects took advantage of the prolonged holiday closure to access the vault unnoticed. Police said the gang drilled through a thick concrete wall to enter the basement vault, where they systematically forced open thousands of customer safe deposit boxes and removed valuables worth tens of millions of euros. Sparkasse confirmed that more than 3,000 boxes were smashed open, representing over 95 percent of the branch’s 3,250 deposit boxes, making the scale of the theft unprecedented for the bank. Police said witnesses saw several men carrying large bags ...
Read more

Nigerian FG declares Public Holidays on December 25th, 26th & January 1st

By Michael Ehindero
Image
Minister of Interior, Dr. Olubunmi Tunji-Ojo _____ The Federal Government has declared Thursday, December 25 , and Friday, December 26, 2025 , as public holidays to mark Christmas Day and Boxing Day .  It also announced Thursday, January 1, 2026 , as a public holiday for the New Year celebrations. The announcement was conveyed in a statement on Monday by the Permanent Secretary in the Ministry of Interior, Dr Magdalene Ajayi , on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo . Dr Tunji-Ojo extended Christmas and New Year greetings to Christians in Nigeria and across the world, as well as to all Nigerians. He noted that the festive season provides an opportunity to reflect on the values of love, peace, humility and sacrifice exemplified by the birth of Jesus Christ. He urged Nigerians, irrespective of religious or ethnic background, to use the period to pray for peace, security and national progress, while supporting the Federal Government’s efforts toward u...
Read more

'Stay at Home and Pray' Lagos Governor, Sanwo Olu says as he cancels Greater Lagos Fiesta

By Michael Ehindero
Image
The Lagos State Government with the approval of the state Governor Babajide Sanwo Olu has cancelled the 2025 Greater Lagos Fiesta, the annual end-of-year celebration that traditionally ushers residents into the New Year with music, fireworks and large public gatherings. The cancellation was confirmed on Tuesday by the Special Adviser on Media and Publicity to Governor Babajide Sanwo-Olu, Gboyega Akosile. According to the statement, the decision was taken with the governor’s approval, barely a day before the event was scheduled to hold on December 31. Governor Sanwo-Olu urged residents to forgo planned countdown gatherings and instead use the period for personal reflection and prayer. Share this story
Read more

Anthony Joshua's driver to be prosecuted for crash that killed Joshua's 2 friends

By Michael Ehindero
Image
The driver of the vehicle conveying former world heavyweight boxing champion Anthony Joshua during the fatal crash on the Lagos-Ibadan Expressway has been discharged from hospital and may be charged with reckless driving. “Anthony Joshua’s driver has been discharged from the hospital, and he is currently giving his statement,” the spokesperson for the Nigeria Police Force, CSP Benjamin Hundeyin said. _______________________ RELATED : Anthony Joshua Injured in Ogun Road Accident, Two Dead _______________________ An official of the Federal Road Safety Corps (FRSC) said the driver of the truck involved in the accident fled the scene immediately and has been declared wanted by authorities. Joshua, 36, was rushed to Duchess International Hospital in Lagos and is reported to be in stable condition. However, two members of Joshua's entourage, Sina Ghami and Latif Ayodele, were killed at the scene of the crash. The boxer’s family earlier expressed concern over their inabilit...
Read more

IN REVIEW: Burkina Faso Releases Detained Nigerian Airforce Crew

By Michael Ehindero
Image
Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar & Released Airforce Crew _____ Nigeria has secured the release of 11 Nigerian Air Force pilots and crew members, along with their military aircraft, following high-level diplomatic talks with authorities in Burkina Faso. A Nigerian delegation led by the Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, met with Burkina Faso’s military leader, Captain Ibrahim Traoré, in Ouagadougou on Wednesday, conveying a message of solidarity from President Bola Tinubu. In a statement, the spokesperson for the Ministry of Foreign Affairs, Kimiebi Ebienfa, confirmed that the pilots and crew were released on Wednesday, December 17, 2025. The personnel and their aircraft had been detained by Burkina Faso’s military authoritie s after the jet made what Nigeria described as an emergency landing due to technical issues while en route to Portugal.
Read more

Carter Efe, Africa's most followed streamer, suspended by Twitch

By Michael Ehindero
Image
Nigerian content creator and streamer Carter Efe , whose real name is Oderhohwo Efe , has been suspended from the popular streaming platform Twitch . The suspension comes shortly after Efe emerged as Africa’s most-followed Twitch streamer, a milestone achieved following a high profile livestream featuring Afrobeats star Davido. In a post shared on Snapchat, Efe published an email from Twitch informing him that his account had been suspended for violating the platform’s terms of service.  Efe’s Twitch following surged to more than 400,000 after Davido appeared on his stream, overtaking fellow Nigerian comedian and streamer Shank Comics, who set the previous record about six months ago and currently has around 240,000 followers. ___________________________ RELATED : You used Vodoo on Her, One Day The Scales Will Fall off and She Will Leave You! - X User Tells Carter Efe ___________________________ The livestream also delivered several other miles...
Read more

Most Read Stories From Past Month

Jake Paul Faces Anthony Joshua tonight in high stakes boxing showdown with 10% win chance for Paul

By Michael Ehindero
Image
YouTube star-turned-boxer Jake Paul (28) is set to face British heavyweight world champion Anthony Joshua (36) in a highly anticipated and widely criticised boxing showdown. The bout, scheduled for Florida, will end a 14-month absence from the ring for 36-year-old Joshua, while representing the biggest and most dangerous test yet for 28-year-old Paul since he launched his professional boxing career in 2020. Paul has long insisted he wants to measure himself against the sport’s most feared punchers, the kind of fighter many professionals spend a lifetime avoiding, and the clash with Joshua fulfils that ambition. The fight will take place on Friday, December 19, at the Kaseya Center in Miami. The eight-round professional heavyweight contest will be streamed live worldwide on Netflix, beginning at 8 p.m. ET (5 p.m. PT). Betting odds heavily favour Joshua, who is given an 88.9 per cent chance of victory, while Paul is rated at around 10 per cent, with a draw priced at 2...
Read more

Anthony Joshua knocks out Jake Paul in Miami [WATCH]

By Michael Ehindero
Image
Anthony Joshua knocked out Jake Paul in the sixth round of their highly anticipated bout in Miami, ending the contest decisively. The British two-time world heavyweight champion is now expected to pursue a long-awaited showdown with fellow Briton Tyson Fury. Paul exceeded expectations by surviving the early rounds against Joshua in a fight that drew widespread attention and controversy across the boxing world.    ________________________ ________________________ The contest, which reportedly saw both fighters share a staggering $184 million purse, raised concerns because of the vast difference in size, experience and pedigree between Joshua, a former two-time world champion, and Paul, an internet personality turned boxer. At one point, even referee Christopher Young appeared frustrated, admonishing both fighters in the fourth round, telling them: “The fans did not pay to see this.” As the bout wore on and Paul began to get tired, Joshua increased the ...
Read more

USA Announces Visa Suspension for Nigerians, Effective January 1, 2026

By Michael Ehindero
Image
The United States has announced a partial suspension of the issuance of certain visas to Nigerian nationals, effective from January 1, 2026, following a new presidential proclamation on border and national security. In a statement issued on Monday, the US Mission in Nigeria said the restriction will take effect at 12:01 a.m. Eastern Standard Time on January 1, 2026, in line with Presidential Proclamation 10998, titled “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States.” Nigeria is among 19 countries affected by the measure. Others listed include Angola, Antigua and Barbuda, Benin, Burundi, Côte d’Ivoire, Cuba, Dominica, Gabon, The Gambia, Malawi, Mauritania, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia and Zimbabwe. The US government clarified that the proclamation applies only to foreign nationals who are outside the United States on the effective date and who do not hold a valid US visa as of January 1, 2026. It ad...
Read more

Burkina Faso Confirms Detention of 11 Nigerian Military Officers, Seizure of Air Force Aircraft [WATCH]

By Michael Ehindero
Image
Burkina Faso ’s military government has confirmed the detention of 11 Nigerian military personnel and the seizure of a Nigerian Air Force cargo aircraft that entered the country’s airspace without authorisation before making an emergency landing. In a statement issued late Monday, the Alliance of Sahel States (AES) said the C-130 aircraft was compelled to land on December 8, 2025, in Bobo-Dioulasso following an in-flight emergency. The bloc said the aircraft, which belonged to the Nigerian Air Force, had flown over Burkinabe territory without the required clearance. The AES comprises Burkina Faso, Niger and Mali, all currently governed by military regimes. ___________________________ ___________________________ Authorities said the plane was carrying two crew members and nine passengers, all of whom were later identified as Nigerian military officers. They are currently being held by Burkinabe security officials. The AES condemned the incident, describing it as a “violati...
Read more

Wiz Khalifa sentenced to 9 months jail time in Romania over on-stage Cannab!s use

By
Image
A Romanian court has sentenced American rapper Wiz Khalifa to nine months’ imprisonment after he admitted to smoking cannabis on stage during a music festival. The artist, whose real name is Thomaz Cameron Jibril , acknowledged lighting a joint while performing at the Beach, Please! festival in Costinești last year. Romanian authorities said he was found with more than 18 grams of cannabis and also consumed the substance publicly during the show. An appeal court overturned an earlier penalty that had imposed a fine of 3,600 Romanian lei and instead ordered a custodial sentence. Following the incident, Jibril wrote on X that he had not intended to offend the country. Last nights show was amazing. I didn’t mean any disrespect to the country of Romania by lighting up on stage. They were very respectful and let me go. I’ll be back soon. But without a big ass joint next time — Wiz Khalifa (@wizkhalifa) July 14, 2024 However, legal experts say the sentence is unlikely to be e...
Read more

Renting a place for a lady & her family is the best way to prove you are in love with her - Nons Miraj [WATCH]

By Michael Ehindero
Image
Nigerian influencer Chinonso Ukah , widely known as Nons Miraj , has stirred debate following comments she made during a podcast session with host Taymesan . In the interview, Nons Miraj argued that when a man begins a relationship with a woman living in poor housing conditions, such as a _________________________ _________________________ home with a leaking roof, he has a responsibility to relocate her and her family to a better rented apartment. _________________________________________________ RELATED : I stopped responding to the UK guy i was talking to because he didn't offer to change my car tyres- Nkechi Blessing Sunday [WATCH] _________________________________________________ Her remarks have since sparked widespread reactions, underscoring ongoing tensions in Nigeria’s dating culture, where romantic relationships are frequently intertwined with financial expectations and responsibilities. Share this story
Read more

Anda Damisa, Nigerian Influencer known as 'Lazywrita' leaves Cryptic Instagram Scheduled Post before committing Su!c!de

By Michael Ehindero
Image
Anda Damisa , a Nigerian Influencer & content creator popularly known online as “ LazyWrita ,” on December 29 announced his own death in a scheduled post shared on Instagram before killing himself. In the post, Damisa disclosed that he had deactivated his other social media platforms, including his TikTok and YouTube accounts. In the months leading up to the announcement, Damisa had spoken publicly about his mental health struggles and his decision to step back from social media. View this post on Instagram A post shared by Anda Damisa (@lazywrita) In a detailed post shared on his Instagram page on Monday, he spoke of being deeply weary of life, expressed gratitude to friends and loved ones for their years of support, and indicated that he no longer had the strength to go on. He described himself as “happy, unburdened and free,” and offered farewell messages to close friends and a former lover, urging them not to feel guilt or bl...
Read more

Anthony Joshua Injured in Ogun Road Accident, Two Dead

By Michael Ehindero
Image
World   renowned boxer Anthony Joshua was involved in a road accident earlier today in Makun, Ogun State. Eyewitnesses say the incident occurred around 11 a.m. on the Lagos-Ibadan Expressway, near Danco Filling Station, before the Sagamu Interchange on the Ibadan-bound lane. Joshua was traveling in a Lexus SUV, registration number KRD 850 HN, which reportedly collided with a stationary truck. The circumstances surrounding the crash are still under investigation. _______________________ RELATED: Anthony Joshua knocks out Jake Paul in Miami [WATCH] _______________________ Adeniyi Orojo, an eyewitness and participant in the rescue operation, said Joshua sustained minor injuries while two people unfortunately died at the scene,” he added. Orojo described the convoy involved in the crash, saying "It was a two-vehicle convoy: a Lexus SUV and a Pajero SUV. Joshua was seated behind the driver, with another person beside him. There was also a pas...
Read more

Nigerian streamer Peller attempts Su!c!de over breakup with Robot girlfriend [WATCH]

By Michael Ehindero
Image
Nigerian streamer Habeeb Hamzat , popularly known as Peller intentionally crashed his custom-wrapped Mercedes-Benz SUV on Sunday while live on Instagram, amid a breakup with his robot ex girlfriend Jarvis .  Bystanders pulled the visibly distressed teenager from the wreckage and rushed him to a hospital. As of Sunday, there had been no official update on his condition. _________________________ _________________________ The couple’s on-again, off-again relationship has previously attracted public attention, and Jarvis later shared her emotional distress on social media following the incident. _________________________________________ RELATED : I thought you had more money than me when you came to Lagos, only to find out you were Broke and into Tik Tok Money Laundering ~ Peller to Jarvis _________________________________________ The crash has sparked widespread reactions online, with many raising concerns about mental health and the dangers of livestreaming during em...
Read more