US Edition
Warner Bros. says Paramount raised its bid to $31 per share, board will weigh offer against Netflix deal
Paramount's $31 per share offer includes a $7 billion regulatory termination fee and accelerated ticking payments to strengthen its hostile bid against Netflix’s $27.75 per share deal.
- On Tuesday, Paramount Skydance raised its cash offer to $31 per share and Warner Bros. Discovery said it received and is reviewing the revised takeover proposal under its Netflix deal.
- The push stems from Paramount's strategy to acquire Warner Bros. Discovery outright in a hostile bid, while Netflix targets only WBD studios and streaming business under a separate deal.
- Paramount sweetened the bid by adding a $7 billion reverse termination fee and a $0.25 per share ticking fee starting September 30, covering breakup costs and regulatory fallout.
- WBD's board said Paramount's proposal "could reasonably be expected" to lead to a Company Superior Proposal but has not made a determination; if deemed superior, Netflix has four days to match, and WBD shareholders will vote on March 20.
- Political and industry pressure — including U.S. Department of Justice and international regulators reviews — raises antitrust concerns as the deal could reshape HBO, major film franchises and CNN, risking jobs and diversity.
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49 Articles
Paramount has raised its takeover offer to $31 per share, Warner Bros. says
Warner Bros. Discovery said that Paramount has raised the price of its takeover offer to $31 per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant.
Paramount ups its offer to acquire Warner Bros. in fight with Netflix for the Hollywood giant
Warner Bros. Discovery said that Paramount has raised the price of its takeover offer to $31 US per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant.
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Warner Bros. opens door to Paramount as bidding war heats up
Warner Bros. Discovery said Tuesday it has received a revised acquisition proposal from Paramount Skydance, signaling that the offer could open the door to the company rethinking its deal with Netflix.
Paramount submitted a new offer to acquire Warner Bros., higher than the original $108 billion, which is equivalent to $31 per share. However, although the proposal is under review, most Warner Bros. managers maintain their support for the initial agreement with Netflix. The final decision will be made on March 20, 2026, when investors vote between both options. If the alliance with Netflix remained, Paramount will not be able to make new offers…
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