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Warner Bros. Discovery Reassesses Paramount Offer Amid Netflix Merger Plans

KVIA•Tuesday, February 17, 2026 at 1:01 PM•CNN Newsource

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AI Summary

Warner Bros. Discovery (WBD) is reopening negotiations with Paramount for a potential acquisition while moving forward with its merger with Netflix. WBD's board is seeking the 'best and final offer' from Paramount, which previously indicated a willingness to pay over $30 per share. A special shareholder meeting is scheduled for March 20, where WBD will recommend approval of the Netflix deal valued at $27.75 per share. This situation arises as Paramount's CEO has made a direct appeal to shareholders with a $30 per share offer, prompting WBD to consider the potential for a higher bid. Netflix has granted WBD a limited seven-day exemption to discuss terms with Paramount, amidst concerns about foreign financing backing Paramount's offer.

Key Details: • Special shareholder meeting on March 20 to discuss Netflix merger. • Paramount's initial offer is $30 per share; WBD seeks a higher bid. • Negotiations with Paramount are limited to seven days. • WBD's current valuation is around $27.75 per share with Netflix.

entertainment paramount warner-bros netflix merger

People & Organizations

ParamountDavid EllisonWarner Bros. DiscoveryNetflixDavid Zaslav

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