{"id":474982,"date":"2026-02-18T02:27:15","date_gmt":"2026-02-18T02:27:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/474982\/"},"modified":"2026-02-18T02:27:15","modified_gmt":"2026-02-18T02:27:15","slug":"will-engage-in-good-faith-with-warner-bros","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/474982\/","title":{"rendered":"Will “Engage In Good Faith” With Warner Bros."},"content":{"rendered":"

\n\tParamount<\/a> has responded to Warner Bros. Discovery<\/a>, which, with the backing of Netflix<\/a>, will start seven days of talks through Feb. 23 with the David Ellison company <\/a>on a potential deal.<\/p>\n

\n\t\u201cParamount acknowledges the announcement from Warner Bros. Discovery that, acting with Netflix, they have decided to provide Paramount a 7-day \u2018waiver\u2019 for negotiation. In doing so, the WBD Board has chosen to avoid making the customary determination under the Netflix merger agreement that Paramount\u2019s superior $30 per share all-cash offer \u2018could reasonably be expected to result in\u2019 a superior proposal, which would have given it an unfettered right to negotiate without a time deadline.\u201d<\/p>\n

\n\tWBD, in fact, is not convinced that the Paramount talks could yield an agreement superior to its deal with Netflix. It continues to recommend in favor of the giant streamer, setting a special shareholder meeting March 20 to vote on the Netflix merger. Paramount\u2019s statement, which was rather restrained, did draw particular attention to Warner proxy materials, which stated that the consideration Netflix is offering WBD shareholders \u201cwill be a minimum of $21.23 to a maximum of $27.75\u201d a share in cash. Warner had called the lower number \u201ca hypothetical scenario<\/a> \u2026 which is highly unlikely to occur.\u201d<\/p>\n

\n\t\u201cBy contrast, Paramount already offers a higher value of $30 per share, all-cash and a more expeditious and certain path to closing a transaction, including with the previously disclosed addition of a $0.25 per-share, per-quarter ticking fee,\u201d Par said. It did not refer in its statement to the possibility of raising its base offer beyond the $30, although that had been suggested<\/a>.<\/p>\n

\n\t\u201cAlthough the [WBD] Board\u2019s actions are unusual, Paramount is nonetheless prepared to engage in good faith and constructive discussions. At the same time, we will continue to advance our tender offer, maintain our solicitation in opposition to the inferior Netflix merger, and proceed with our intention to nominate a slate of directors at the upcoming WBD annual meeting.\u201d<\/p>\n

\tMore from this Story Arc<\/p>\n

\t\tNetflix WB<\/p>\n","protected":false},"excerpt":{"rendered":"Paramount has responded to Warner Bros. Discovery, which, with the backing of Netflix, will start seven days of…\n","protected":false},"author":2,"featured_media":474983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,18205,217,168491,4208,10343],"class_list":{"0":"post-474982","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-david-ellison","10":"tag-netflix","11":"tag-netflix-wb","12":"tag-paramount","13":"tag-warner-bros-discovery"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/474982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=474982"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/474982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/474983"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=474982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=474982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=474982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}