{"id":495882,"date":"2026-02-24T08:13:07","date_gmt":"2026-02-24T08:13:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/495882\/"},"modified":"2026-02-24T08:13:07","modified_gmt":"2026-02-24T08:13:07","slug":"warner-bros-discovery-likely-to-review-new-offer-from-paramount","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/495882\/","title":{"rendered":"Warner Bros. Discovery Likely to Review New Offer From Paramount"},"content":{"rendered":"

\n\tWarner Bros. Discovery<\/a> and Paramount Skydance<\/a> leaders spent a busy week in negotiations, and now the WBD board is likely to tell shareholders before the market opens on Tuesday that it is taking the bid under review while still recommending the Netflix<\/a> transaction that is up for a vote on March 20.<\/p>\n

\n\tRepresentatives for WBD and Paramount Skydance declined to comment late Monday. The financial terms of the new offer were not immediately clear. <\/p>\n

\n\tMonday wrapped a busy seven-day period in which the WBD board sought Netflix\u2019s blessing to engage in discussions with Paramount to \u201cseek clarity\u201d on its \u201cbest and final offer.\u201d<\/a> WBD asked Paramount Skydance \u201cto clarify your proposal, which we understand will include a WBD per share price higher than $31\u201d in a letter from Warner Bros. Discovery CEO David Zaslav and board chairman Samuel Di Piazza Jr. to Paramount\u2019s board.<\/p>\n

\n\tIf WBD is formally considering the Paramount Skydance offer, the next move in this chess game will come from Netflix: The streamer has four days to match Paramount\u2019s new offer, or it could bail out of the bidding process. A source close to the situation noted that WBD is legally bound to recommend its signed agreement with Netflix, valued at nearly $83 billion. Paramount has fielded a $108 billion offer for the entirety of WBD, including its cable channels. Netflix is buying Warner Bros. and HBO Max.<\/p>\n

\n\tNetflix co-CEO Ted Sarandos, in a Feb. 20 interview<\/a> with Variety, declined to say how the streamer would respond to a higher offer from Paramount. But he did say that Netflix has a \u201crich history\u201d of being \u201cwilling to walk away and let someone else overpay for things.\u201d<\/p>\n

\n\tUnder Netflix\u2019s agreement with WBD, the streamer would buy Warner Bros.\u2019s studios and streaming businesses for $27.75 per share (in all cash, a change Netflix made last month from its previous cash-and-stock offer<\/a>). WBD shareholders would retain equity in Discovery Global, the company\u2019s proposed spin-off entity housing CNN, TBS and other linear networks as well as Discovery+.<\/p>\n

\n\tEllison first approached WBD CEO Zaslav in September 2025, initially offering $19\/share for Warner Bros. Discovery. That came just weeks after Ellison\u2019s Skydance Media closed its acquisition of Paramount Global. Paramount\u2019s interest in WBD prompted the board to initiate a formal M&A review process \u2014 and the board picked Netflix as the winning bidder. WBD\u2019s board has previously rejected Paramount\u2019s takeover offers nine times.<\/p>\n

\n\tParamount\u2019s takeover offer is backed by Larry Ellison (David\u2019s tech-billionaire father) and RedBird Capital Partners. The company has secured debt financing from Bank of America, Citigroup and Apollo Global Management. Paramount\u2019s bid also includes capital from the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi.<\/p>\n","protected":false},"excerpt":{"rendered":"Warner Bros. Discovery and Paramount Skydance leaders spent a busy week in negotiations, and now the WBD board…\n","protected":false},"author":2,"featured_media":495883,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[49,48,75,1316,27395,348,8093],"class_list":["post-495882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-ca","tag-canada","tag-entertainment","tag-netflix","tag-paramount-skydance","tag-tv","tag-warner-bros-discovery"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/495882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=495882"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/495882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/495883"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=495882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=495882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=495882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}