US EditionTed Sarandos, Greg Peters Fight to Lock in Netflix’s Warner Bros. Discovery Deal
Warner Bros. Discovery shareholders will decide on Netflix's $83 billion merger amid a $108.4 billion counteroffer from Paramount Skydance in a high-stakes media battle.
- Warner Bros Discovery called a Special Meeting for March 20, 2026, at 8:00 AM Eastern to vote on the Netflix merger and has begun mailing its definitive proxy statement, with shareholders of record on February 4, 2026, eligible to vote.
- After a strategic review last year, WBD separated Streaming & Studios from Global Linear Networks, prompting Netflix's $83 billion streaming deal and Paramount Skydance's $108.4 billion bid.
- Paramount Skydance has offered to cover the $2.8 billion breakup fee and provide a ticking fee, while WBD has requested a binding, definitive offer during the seven-day window ending February 23, 2026.
- The Warner Bros Discovery Board of Directors reiterated its recommendation for the Netflix merger and said it is engaging PSKY to see if it can make a binding, superior offer, with Zaslav stating `Throughout the entire process, our sole focus has been on maximizing value and certainty for WBD shareholders`.
- This showdown has quickly become a high-profile corporate battle in the global entertainment industry, reflecting complex legal and financial manoeuvring and a streaming operations merger with spun-off legacy cable networks, reshaping market and structural implications.
31 Articles
31 Articles
Although Warner has noted a vote by shareholders on Netflix's offer for 20 March, the company granted Paramount a week to present a more attractive proposal
Netflix's co-CEO says Trump has one big question about the Warner Bros. sale
Netflix co-CEO Ted Sarandos said his conversations with President Donald Trump have been about jobs.Monica Schipper/WireImage; Brendan Smialowski/AFP via Getty ImagesNetflix's co-CEO said his talks with President Donald Trump about Warner Bros. have been focused on jobs.Ted Sarandos said the president hasn't asked for political concessions.Instead, Sarandos said Trump wants to bring jobs back to Hollywood after years of lower production.Netflix …
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PressNewsAgencyExclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say
Feb 19 : Netflix has ample cash and could bump up its offer for HBO Max owner Warner Bros Discovery if competing bidder Paramount Skydance increases its own offer, two people with knowledge of the matter said. The two media giants have been locked in a heated rivalry over Warner Bros and its storied catalogu
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Quick Read Don’t Pay Attention To Warner Deal YouTube Dominates TV Paid Streaming Doesn’t Win Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor) “YouTube Is Winning the Streaming Wars,” reads a recent headline from Barron…
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