Media Paramount back in the race for Warner Bros. with a higher bid
In the bidding war for Hollywood veteran Warner Brothers, rival Paramount has submitted an increased bid. The Board of Directors of Warner Bros. Discovery wants to take a closer look at Paramount's revised offer.
24.02.2026, 23:57
SDA
The Warner Board of Directors wants to clarify whether the offer is superior to the Netflix proposal that has already been accepted. According to its statement, it considers this to be quite realistic.
In this case, Netflix would have four days to counter according to the previous takeover agreement. It is unclear whether there will be a new round in the bidding battle. Netflix co-chief executive Ted Sarandos played down the prospect of this.
Part of the improved Paramount proposal is that the bid for the entire current Warner Bros. Discovery group has been increased from 30 to 31 dollars per share in cash. Netflix only wants to buy the studio and streaming business. Warner's TV channels - including CNN - would be transferred to a separate company under this option.
