{"id":580626,"date":"2026-02-10T20:26:11","date_gmt":"2026-02-10T20:26:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/580626\/"},"modified":"2026-02-10T20:26:11","modified_gmt":"2026-02-10T20:26:11","slug":"warner-bros-discovery-board-will-review-paramount-new-takeover-offer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/580626\/","title":{"rendered":"Warner Bros. Discovery Board Will Review Paramount New Takeover Offer"},"content":{"rendered":"

\n\tWarner Bros. Discovery<\/a> said its board will review Paramount Skydance<\/a>\u2018s latest hostile takeover offer \u2014 which includes some new financial commitments<\/a> \u2014 before it officially accepts or rejects the rival bid to its sale agreement with Netflix<\/a>.<\/p>\n

\n\tWarner Bros. Discovery on Tuesday confirmed it received the amended, unsolicited tender offer from David Ellison\u2019s Paramount Skydance to acquire all of the outstanding shares of WBD common stock.<\/p>\n

\n\tThe company issued a statement with boilerplate language that said the WBD board of directors, \u201cconsistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider Paramount Skydance\u2019s offer in accordance with the terms of WBD\u2019s agreement with Netflix, Inc.\u201d<\/p>\n

\n\tFor now, the WBD board \u201cis not modifying its recommendation with respect to the Netflix Merger Agreement. WBD will review the amended tender offer and advise its stockholders of the Board\u2019s recommendation after the completion of that review.\u201d An answer to Paramount\u2019s latest offer is due within 10 business days.<\/p>\n

\n\tWBD added that shareholders \u201care advised not to take any action at this time with respect to the amended Paramount Skydance tender offer.\u201d<\/p>\n

\n\tEarlier Tuesday, Paramount upgraded the terms of its hostile $30\/share offer for WBD<\/a> in its entirety. That included the additional promise of paying Warner Bros. Discovery shareholders 25 cents per share \u2014 roughly $650 million in cash each quarter \u2014 for every quarter the proposed Paramount acquisition of WBD is not closed beyond Dec. 31, 2026. Among other new pledges, Paramount said it would pay the $2.8 billion termination fee due to Netflix if WBD shareholders accept Paramount\u2019s offer.<\/p>\n

\n\tNetflix and Warner Bros. Discovery originally announced their agreement on Dec. 5. Last month, amid Paramount\u2019s ongoing hostile takeover campaign, Netflix sweetened the $83 billion deal for Warner Bros.\u2019s studios and HBO Max by\u00a0switching to an all-cash offer<\/a> of $27.75\/share, replacing its previous cash-and-stock agreement.\u00a0Not included in the Netflix deal: Discovery Global, an entity housing WBD\u2019s linear TV assets like CNN, TBS and HGTV as well as Discovery+, that would be spun off from Warner Bros. Discovery.<\/p>\n","protected":false},"excerpt":{"rendered":"Warner Bros. Discovery said its board will review Paramount Skydance\u2018s latest hostile takeover offer \u2014 which includes some…\n","protected":false},"author":3,"featured_media":481899,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[171,4659,77684,173,67,132,68,27281],"class_list":{"0":"post-580626","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-entertainment","9":"tag-netflix","10":"tag-paramount-skydance","11":"tag-tv","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us","15":"tag-warner-bros-discovery"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116048218775854774","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/580626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=580626"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/580626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/481899"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=580626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=580626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=580626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}