US EditionWarner Reopens Talks With Paramount, Setting the Stage for Potential Bidding War With Netflix
- On Feb. 17, 2026, Warner Bros. Discovery reopened talks with Paramount Skydance under a seven-day Netflix waiver through February 23, 2026, rejecting Paramount's $30-a-share offer but allowing a `best and final` offer, Discovery said.
- Paramount Skydance's hostile $30 bid prompted talks, with Paramount indicating it could raise to $31 if negotiations reopened, despite unresolved financing risks from Larry Ellison-backed equity and a $1.5 billion junior-lien fee.
- WBD continues to recommend the $82.7 billion Netflix transaction and is moving toward a March 20, 2026 vote, having started mailing its definitive proxy statement with a February 4, 2026 record date.
- With Netflix holding matching rights, the WBD board faces legal safeguards and pressure from activist investors Ancora and Pentwater, who support different bids, by February 23.
- Longer-Term, control of franchises and studios will reshape production investment and industry dynamics, while Discovery Global could fetch between $1.33 and $6.86 per share, impacting asset value.
253 Articles
253 Articles
East Bay Times
Warner Bros. reopens talks as Paramount signals higher bid
By Michelle F. Davis and Lucas Shaw, Bloomberg Warner Bros Discovery Inc. has agreed to reopen negotiations with rival Hollywood studio Paramount Skydance Corp. after the suitor proposed raising its bid and sweetened other terms of its offer, setting the stage for a renewed showdown with Netflix Inc. Netflix, which Warner Bros. still described as its preferred bidder, has granted the board seven days to discuss Paramount’s most recent proposal, …
Paramount proposes to raise the price for the company's shares and pay a fine in the event of termination of the existing agreement with Netflix
readingeagle
Independent EspañolBy MICHELLE CHAPMAN NEW YORK (AP) — Warner Bros. will resume acquisition talks with Paramount Skydance after receiving from its preferred bidder, Netflix, a seven-day waiver to do so. Warner Bros. reported in a regulatory presentation on Tuesday that the exemption will allow you to discuss unresolved “deficiencies” in Paramount’s previous offers. Warner Bros. Discovery now has until Monday to negotiate a possible transaction with Paramount Skyda…
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