Who Will Take Over Warner Bros Discovery? Prediction Market Is Betting On This Streaming Giant

The battle to acquire Warner Bros Discovery (NASDAQ:WBD) studio is heating up, with streaming giant Netflix Inc. (NASDAQ:NFLX) switching to an all-cash offer.

This comes after Paramount Skydance Corp. (NYSE:PSKY) escalated its battle with Warner Bros Discovery by filing a lawsuit.

Prediction Markets Think Netflix Will Win

Data from Kalshi, a federally authorized betting platform, shows that nearly $790000 has been bet on the contract "Who will successfully take over Warner Brothers?"

The odds of Netflix acquiring Warner Bros. Discovery currently stand at 70%, up by 5%.

Bettors also think that no company will be able to acquire Warner Bros. Discovery before 2027, with odds near 16%.

Netflix Switches To An All-Cash Offer

Under the revised deal, Netflix will acquire Warner Bros.’ film and television studios, content library, and HBO Max streaming service for $27.75 per share in cash, replacing its earlier offer of $23.25 in cash plus $4.50 in Netflix stock.

Both Netflix and Paramount have expressed interest in Warner Bros Discovery due to its popular film and television studios, extensive content library, and major franchises like “Game of Thrones,” “Harry Potter,” and DC Comics’ superheroes.

Battle For Warner Bros Discovery

This development comes after a series of events in the ongoing battle for Warner Bros Discovery. Earlier this month, Paramount filed a lawsuit against Warner Bros for not disclosing financial details of its deal with Netflix, following a failed hostile takeover bid.

Paramount CEO David Ellison warned of launching a proxy fight to replace Warner Bros.’ board with directors willing to negotiate with Paramount, expressing his frustration that the company has refused to engage in talks.

The acquisition of Warner Bros Discovery by Netflix has been a topic of interest since Dec. 2025, when Netflix announced its intent to acquire the company. The deal sparked a $108 billion media war with Paramount Skydance, leading to a hostile takeover bid from Paramount.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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