Warner Bros. Discovery announced that it has received a revised $31-per-share acquisition offer from Paramount Skydance, which could trigger a reassessment of its existing Netflix deal.
Paramount’s offer also includes covering Warner Bros.’ $2.8 billion termination fee to Netflix and a $7 billion fee if regulatory issues block the transaction.
The move has drawn political attention, with former President Donald Trump claiming he will be involved, as regulators in the U.S. and Europe review both deals.
Warner Bros.’ board emphasized that talks continue, that Netflix’s $83 billion offer remains recommended, and that shareholders should take no immediate action.
The outcome could reshape Hollywood ownership, including control of CNN and other Warner Bros. properties, while Netflix may raise its bid in response.
Source: PhilNews24 | February 25, 2026
