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Warner Bros. says Paramount raised its bid to $31 per share, board will weigh offer against Netflix 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.
24 Articles
24 Articles
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…
Paramount escalates Warner Bros. Discovery fight with new $31-per-share bid
Paramount has officially raised its offer for Warner Bros. Discovery, CNN’s parent company, to $31 per share, and now the WBD board says it is extending the window for talks with Paramount about a possible deal.
Paramount Skydance Ups the Ante in Warner Bros Discovery Bid
Warner Bros Discovery receives a new offer from Paramount Skydance, raising its bid to $31 per share. Netflix must decide within four days to counter. The Warner board remains undecided between Netflix's previous $82.7 billion deal or considering the revised terms from Paramount.
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