{"id":315073,"date":"2026-02-24T17:36:08","date_gmt":"2026-02-24T17:36:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/315073\/"},"modified":"2026-02-24T17:36:08","modified_gmt":"2026-02-24T17:36:08","slug":"warner-bros-discovery-confirms-paramount-sent-new-bid","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/315073\/","title":{"rendered":"Warner Bros. Discovery Confirms Paramount Sent New Bid"},"content":{"rendered":"

\n\tParamount<\/a> Skydance has filed what is believed to be a sweetened bid for Warner Bros. Discovery<\/a>, opening a new round of haggling in efforts to snare the company\u2019s HBO Max streaming service and Warner Bros. studios to help fuel economics amid a frenetic battle to stay afloat in the entertainment sector as more consumers turn to streaming to watch their favorite movies, programs and sports.<\/p>\n

\n\tWarner said early Tuesday that it had received new terms from Paramount, even as it continues to move forward on a deal it has to sell its streaming and studio assets to Netflix<\/a>, while spinning off its traditional TV assets into a new publicly traded entity.<\/p>\n

\n\t\u201cFollowing engagement with PSKY during the seven-day limited waiver period, we received a revised PSKY proposal to acquire WBD, which we are reviewing in consultation with our financial and legal advisors,\u201d the company said in a statement. \u201d We will update our shareholders following the Board\u2019s review. The Netflix merger agreement remains in effect, and the Board continues to recommend in favor of the Netflix transaction. WBD shareholders are advised not to take any action at this time with respect to the amended PSKY tender offer.\u201d<\/p>\n

\n\tThe company did not divulge the financial details of Paramount\u2019s latest bid. Nor did Paramount, which confirmed its revised offer in a subsequent statement. <\/p>\n

\n\t\u201cThe entry into a transaction with WBD would require the WBD Board to determine that\u00a0Paramount\u2019s
\u00a0revised proposal is a \u201cCompany Superior Proposal\u201d under its merger agreement with\u00a0Netflix the expiration of a four business day match period, termination of the\u00a0Netflix merger agreement and execution of a definitive merger agreement between\u00a0Paramount and WBD,\u201d Paramount said.<\/p>\n

\n\tParamount has continued to agitate for more fulsome negotiations to buy Warner. Monday wrapped a busy seven-day period <\/a>in which the WBD board sought Netflix\u2019s blessing to engage\u00a0in discussions with Paramount to \u201cseek clarity\u201d on its \u201cbest and final offer.\u201d<\/a>\u00a0WBD 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\tNetflix 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,\u00a0in a Feb. 20 interview<\/a>\u00a0with\u00a0Variety, 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\u00a0Netflix 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":"Paramount Skydance has filed what is believed to be a sweetened bid for Warner Bros. Discovery, opening a…\n","protected":false},"author":2,"featured_media":315074,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[93,61,60,1868,3282,282,12481],"class_list":{"0":"post-315073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-entertainment","9":"tag-ie","10":"tag-ireland","11":"tag-netflix","12":"tag-paramount","13":"tag-tv","14":"tag-warner-bros-discovery"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/315073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=315073"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/315073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/315074"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=315073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=315073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=315073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}