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2026-02-16 03:48:13
According to sources familiar with the matter, Warner Bros. Discovery is considering restarting sale negotiations after receiving a revised takeover offer from rival Paramount Skydance. Warner Bros. board members are discussing whether Paramount can provide a better deal, a move that could trigger a second bidding war with Netflix. The board has not yet decided how to respond and may continue with the current deal with Netflix. Last week, Paramount submitted revised terms addressing several key concerns. If Warner Bros. terminates its agreement with Netflix, Paramount will assume the $2.8 billion owed to Netflix and has pledged to provide a safety net for Warner Bros.' debt refinancing. Paramount also stated that it will compensate Warner Bros. shareholders if the deal is not completed by December 31, highlighting its confidence in swift regulatory approval.
