Story perspectives

WBD Reopens Talks with Paramount, Eyes $31 Offer

2/19/2026

Summary

Story summary

Warner Bros. Discovery (WBD) reopened negotiations with Paramount Skydance and set a one-week window for a final offer after rejecting $30 per share.
Paramount Skydance CEO David Ellison signaled willingness to raise $31 per share if talks are authorized.
Warner Bros. Discovery remains committed to the $83 billion Netflix merger, with a March 20 vote.
Netflix granted WBD a seven-day waiver to engage with Paramount amid distractions from hostile bid.

History

Historical Context

The 2000 merger of AOL and Time Warner, valued at $164 billion, marked a pivotal moment in media consolidation, leading to the formation of Warner Bros. Discovery. As of 2025, the company faces potential acquisition bids, including a $30 per share offer from Paramount Skydance, reflecting ongoing tensions in the media landscape and the evolving dynamics of mergers and acquisitions in the entertainment sector.

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Story summary

Warner Bros. Discovery (WBD) reopened negotiations with Paramount Skydance and set a one-week window for a final offer after rejecting $30 per share.
Paramount Skydance CEO David Ellison signaled willingness to raise $31 per share if talks are authorized.
Warner Bros. Discovery remains committed to the $83 billion Netflix merger, with a March 20 vote.
Netflix granted WBD a seven-day waiver to engage with Paramount amid distractions from hostile bid.

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