Warner Bros gets new offer from Paramount but still recommends Netflix bid

Al JazeeraCenterEN 2 min read 100% complete by By AP and ReutersFebruary 24, 2026 at 08:37 PM

AI Summary

medium article 2 min

Warner Bros. Discovery (WBD) is evaluating a revised takeover offer from Paramount Skydance while still recommending Netflix's bid to shareholders. Paramount's new offer follows a previous $77.9 billion hostile all-cash bid made directly to shareholders after WBD announced its deal with Netflix in December 2025. Netflix is proposing to acquire only Warner's studio and streaming business for $72 billion in cash. The potential acquisition of WBD by either Paramount or Netflix would significantly reshape the media landscape, potentially bringing properties like HBO Max and CNN under new ownership. If Warner Bros. board changes course and deems Paramount’s latest offer superior, Netflix will be able to revise its bid.

Key Entities & Roles

Key Player Opposition Context

CNN ×230% United States 30% Oracle 40% Larry Ellison 40% Donald Trump ×250% David Ellison 60% Netflix ×680% Paramount Skydance ×480% Warner Bros Discovery (WBD) ×590%

Keywords

warner bros 100% paramount 90% netflix 90% takeover offer 90% acquisition 70% mergers and acquisitions 60% streaming business 60% media landscape 50% hostile offer 50%