economy
February 17, 2026
Netflix grants Warner Bros. Discovery 7-day waiver to reopen deal talks with Paramount Skydance
Warner Bros. Discovery on Tuesday said it will engage in deal talks with Paramount Skydance under a 7-day waiver from Netflix.
TL;DR
- Warner Bros. Discovery (WBD) granted a seven-day waiver by Netflix to discuss its acquisition with Paramount Skydance (PSKY).
- Paramount Skydance has indicated a willingness to pay $31 per share for WBD, up from its previous offer of $30.
- WBD's board continues to recommend Netflix's deal, citing superior value and certainty.
- Both Netflix's and Paramount's proposed acquisitions face regulatory scrutiny regarding antitrust concerns and potential impacts on consumers.
- Paramount's offer is partly financed by sovereign wealth funds from Saudi Arabia, Abu Dhabi, and Qatar, raising foreign funding and regulatory questions.
- Netflix has expressed confidence in winning regulatory approval, citing job preservation as a key argument.
- Paramount intends to proceed with its tender offer and nominate directors to WBD's board, regardless of the ongoing discussions.
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