US EditionWarner Bros. says Paramount raised its bid to $31 per share, board will weigh offer against Netflix deal
Paramount's $31 per share offer includes a $7 billion regulatory termination fee and accelerated ticking payments to strengthen its hostile bid against Netflix’s $27.75 per share deal.
- On Tuesday, Paramount Skydance raised its cash offer to $31 per share and Warner Bros. Discovery said it received and is reviewing the revised takeover proposal under its Netflix deal.
- The push stems from Paramount's strategy to acquire Warner Bros. Discovery outright in a hostile bid, while Netflix targets only WBD studios and streaming business under a separate deal.
- Paramount sweetened the bid by adding a $7 billion reverse termination fee and a $0.25 per share ticking fee starting September 30, covering breakup costs and regulatory fallout.
- WBD's board said Paramount's proposal "could reasonably be expected" to lead to a Company Superior Proposal but has not made a determination; if deemed superior, Netflix has four days to match, and WBD shareholders will vote on March 20.
- Political and industry pressure — including U.S. Department of Justice and international regulators reviews — raises antitrust concerns as the deal could reshape HBO, major film franchises and CNN, risking jobs and diversity.
159 Articles
159 Articles
Warner Bros Discovery Paramount $31 Offer Challenges Netflix
Warner Bros. Discovery announced Tuesday that Paramount Skydance has increased its purchase offer to $31 per share in cash, escalating a high-stakes bidding war that could surpass Netflix’s prior agreement. The revised proposal adds billions in protections and fees, as WBD’s board weighs whether to pivot away from its existing merger deal. Warner Bros. Discovery confirmed it received a revised proposal from Paramount Skydance following a seven-d…
Netflix shares rose by 6.2% this Wednesday while Warner Bros. Discovery (WBD) is studying Paramount's new purchase offer.
Paramount raises its bid for Warner Bros. Discovery | Honolulu Star-Advertiser
Warner Bros. Discovery said Tuesday that a revised bid from Paramount, valuing the company at $31 a share, could reasonably be expected to lead to a “superior proposal” to the deal it has signed with Netflix.
Coverage Details
Bias Distribution
- 48% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
