economy
February 16, 2026
Warner Bros. may reopen sale talks with Paramount following new deal terms, Bloomberg reports
Warner Bros. board members are weighing whether Paramount's sweetened bid may result in a better deal or prompt Netflix to up its offer, Bloomberg reports.
TL;DR
- Warner Bros. Discovery's board is considering reopening sales talks with Paramount Skydance.
- Paramount submitted an amended offer with sweetened deal terms.
- Warner Bros. had previously agreed to sell to Netflix for $27.75 per share.
- Paramount launched a hostile bid promising shareholders $30 per share in an all-cash deal.
- Paramount increased its offer with a ticking fee for regulatory approval delays and agreed to cover Netflix's termination fee.
- Both Paramount and Netflix have indicated willingness to raise their bids.
- This is the first time Warner Bros. is considering Paramount's offer as a way to achieve a better deal or prompt a higher offer from Netflix.
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