Paramount Skydance is buying Warner Bros.
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Warner Bros. says Paramount Skydance’s new bid might become better than Netflix’s.
Warner Bros. Discovery is telling shareholders it’s “continuing to engage” with Paramount after receiving its latest offer yesterday.
The new bid offers $31 per share, “a daily ticking fee equal to $0.25 per quarter beginning after September 30, 2026,” plus $7 billion from Paramount if regulators block the deal, and $2.8 billion to pay Netflix’s termination fee, among other details. If the board likes this bid better, it says Netflix will have four days to respond.
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