Warner Bros rejects latest Paramount bid but open to ‘best and final’ offer

Al JazeeraEN 4 min read 100% complete by Andy HirschfeldFebruary 17, 2026 at 10:35 PM

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long article 4 min

Warner Bros Discovery (WBD) has rejected Paramount Skydance's latest $30 per share offer to buy the company, but is open to a "best and final" offer within seven days. WBD remains committed to its merger with Netflix, scheduled for a shareholder vote on March 20. WBD's board stated Paramount's proposal was unlikely to be superior to the Netflix deal. Paramount is considering raising its offer to $31 per share, which Netflix would then have the option to match. Paramount claims WBD never meaningfully engaged with its previous offers before the Netflix merger agreement was announced on December 5. Analysts suggest the ongoing situation is not beneficial for Paramount, as both deals face regulatory hurdles.

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Washington 30% Reuters 30% PP Foresight 35% Paolo Pescatore 40% CBS News 40% David Zaslav 50% Samuel DiPiazza Jr ×260% Paramount Skydance ×260% Netflix ×780% Paramount ×885% Warner Bros Discovery ×790%

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