US EditionParamount Submits Higher Offer for Warner Bros Discovery in Bid to Block Netflix, Source Says
Paramount raised its bid above $30 per share to outbid Netflix in acquiring Warner Bros. Discovery, amid shareholder votes and regulatory reviews in the U.S. and Europe.
- On February 23, 2026, Paramount Skydance submitted a higher offer for Warner Bros Discovery, escalating the bidding war after Warner set a seven-day window that expired on February 23, while Netflix retains the right to match any new proposal.
- Facing financing concerns, Paramount sweetened its terms by improving its $30 per share offer, backed by Larry Ellison, to address Warner Bros' financing worries.
- Warner turned down an enhanced bid that would have paid a $2.8 billion termination fee and added a 25-cent per-share quarterly ticking fee, while Warner plans to spin off Discovery Global valued between $1.33 and $6.86 per share.
- Shareholders will decide on March 20, and the deal faces scrutiny from the U.S. Department of Justice and European Union and UK competition authorities, with Ancora Capital increasing pressure via a roughly $200 million stake.
- Paramount's offer would create a studio bigger than Disney, reshaping market share amid U.S. senators' concerns, while Netflix argues its HBO Max deal would make it the largest global streamer with roughly half a billion subscribers.
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19 Articles
The war to get hold of Warner Bros. Discovery is coming to an end and it's getting tougher every day. Paramount Skydance, the group led by David Ellison, has improved its offer for historic film studios, in a desperate attempt to break the pre-agreement between Netflix and the Hollywood giant that produced the White House, What the Wind took away or the universe of the Looney Tunes, with the characters of the Duck Lucas, Bugs Bunny or the Coyote.
Paramount Sweetens Offer For Warner Bros. Discovery
With Paramount and WBD’s seven-day negotiating window expiring tonight, the David Ellison company has, as expected, sweetened its bid from $30 a share, Deadline has confirmed, as it attempts to pry Warner out of the arms of Netflix. The amount of the increase, which was first reported by Bloomberg, couldn’t be ascertained. The move was […]
After the deadline for a raise: Netflix was still at $27.75 for each title. The big streaming reply: "Our offer is better"
Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says
Paramount Skydance submitted a higher offer for Warner Bros Discovery , a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.
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