Warner Bros. Discovery may consider a deal with Paramount after making significant concessions in its latest bid. The company has already rejected several unsolicited takeover offers from the studio, which was also rejected by Netflix. With a deal to acquire Warner Bros. Studios and streaming assets for $27.75 a share, all in cash, the giant streamer had improved that from an initial cash and stock deal amid pressure. Paramount’s latest bid added a new “ticking fee” payable to WBD shareholders if the transaction doesn’t close by December 31, 2026. This could result in up to $650 million in cash value per quarter.
The company is currently reviewing the amended offer from Paramount but sticking with Netflix. Warner Bros. Discovery has a signed deal with Netflix, and a special shareholders meeting was tentatively planned for April to vote on the merger. However, the outcome of this meeting is now uncertain due to the latest developments.
Source: https://deadline.com/2026/02/warner-bros-discovery-may-engage-paramount-after-latest-offer-1236725705