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Paramount Skydance Boosts Offer for Warner Bros Discovery Amid Netflix Rivalry: Report
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Paramount Skydance Ups Bid for Warner Bros Discovery, Intensifying Battle with Netflix
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Storyboard
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24-02-2026, 09:32
Paramount Skydance Ups Bid for Warner Bros Discovery, Intensifying Battle with Netflix
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Paramount Skydance increased its takeover bid for Warner Bros Discovery, escalating competition with preferred bidder Netflix.
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The revised offer, exceeding the earlier $30-a-share proposal, came after a deadline set by the Warner Bros Discovery board.
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Paramount's updated bid improves on its $108.4 billion offer, while Netflix's current offer values Warner Bros at $82.7 billion.
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A key point of contention is Warner Bros' plan to spin off cable TV assets like CNN and HGTV into Discovery Global, which Paramount challenges.
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The deal faces regulatory scrutiny in the U.S. and Europe, with both Paramount and Netflix arguing their offers present fewer risks or benefits.
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