Warner Bros. says reopening talks with Paramount on its buyout offer
The Hindu
Warner Bros. Discovery reopens buyout talks with Paramount Skydance, seeking to compare offers amid Netflix's competing bid.
Warner Bros. Discovery said on Tuesday (February 17, 2026) it has reopened talks with Paramount Skydance on its buyout offer, giving the company a week to beat a rival Netflix bid.
These discussions, scheduled to end February 23, are designed to give Paramount Skydance a chance to make its “best and final offer,” Warner Bros. Discovery said in a statement that stressed it prefers the Netflix merger and has scheduled a special shareholders meeting to vote on it on March 20.
Television and film titan Warner Bros. Discovery, which owns CNN, announced in late October that it was open to acquisition offers. Its board subsequently accepted a bid from Netflix to buy only its streaming and studio business.
Paramount Skydance is seeking to buy all of Warner Bros. Discovery for $108 billion. Netflix is offering $83 billion for its more limited merger.
The Netflix offer does not include Warner Bros. Discovery’s television properties such as CNN and Discovery. Those would belong to a newly created, publicly traded company called Discovery Global if the deal goes through.
Paramount Skydance accuses the Warner Bros. Discovery board of failing to present shareholders with the details needed to properly compare its offer to the Netflix bid.
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