Warner Bros. Discovery reviewing sweetened bid from Paramount Skydance

February 24, 2026

TL;DR

Warner Bros. Discovery is reviewing a new, enhanced bid from Paramount Skydance.
Paramount Skydance aims to secure a deal to buy Warner Bros. Discovery, competing with Netflix.
Warner Bros. Discovery's board continues to recommend its existing merger agreement with Netflix.
Paramount Skydance's bid is described as financially superior and less likely to face antitrust issues.
Netflix's deal is for Warner Bros. Discovery's studio and streaming business only, after a spin-off of TV networks.
Paramount Skydance is bidding to acquire all of Warner Bros. Discovery's assets.

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