The Warner Bros. Discovery board has unanimously recommended shareholders reject Paramount Skydance’s hostile bid for the company’s film and streaming assets. Netflix Co-CEO Greg Peters joins CNBC’s David Faber, Becky Quick, and Andrew Ross Sorkin to discuss Netflix’s winning bid for Warner Bros., HBO, and HBO Max. Media watcher Rich Greenfield delves into the funding details of each offer, and Becky shares her own reporting on shareholder Mario Gabelli’s reaction to the news. Plus, it’s likely to be the biggest IPO of the year: Medline, a 58-year-old company you may have never heard of. CEO Jim Boyle explains why now was the perfect time for a public listing.

Greg Peters - 15:05

Rich Greenfield - 27:14

Jim Boyle - 38:26

In this episode:

Rich Greenfield, @RichLightShed

David Faber, @davidfaber

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

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Media’s New Soap Opera: Netflix, Paramount, & Warner Bros. Discovery 12/17/25

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