WBD considers reopening talks with Paramount after revised offer
Members of Warner Bros. Discovery’s board are said to be reviewing whether Paramount’s revised offer could lead to a better outcome for shareholders
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Published: Feb 17, 2026 8:13 AM | 1 min read
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Warner Bros. Discovery (WBD) is considering whether to reopen sale discussions with Paramount Skydance after receiving an improved takeover proposal, according to a Bloomberg report.
Members of the company’s board are said to be reviewing whether Paramount’s revised offer could lead to a better outcome for shareholders. However, no decision has been made and the board may still proceed with its existing agreement with Netflix.
Paramount recently amended its bid but did not increase its offer price of 30 dollars per share. The proposal values Warner Bros. Discovery at about $108.4 billion, including debt. To make the offer more attractive, Paramount said it would provide shareholders with an additional payment of 25 cents per share for every quarter the deal remains incomplete after 2026. These payments would begin in 2027 and continue until the transaction closes.
Paramount has also offered to cover the $2.8 billion fee that Warner Bros. Discovery would have to pay Netflix if it withdrew from its current agreement.
Both Netflix and Paramount are seeking control of Warner Bros. Discovery for its established film and television studios, large catalogue of programmes and well-known franchises.
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