Warner Bros. Says Paramount’s $111 Billion Deal Tops Netflix
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Warner Bros. Discovery prefers a $111 billion offer from Paramount Skydance over its existing deal with Netflix, giving Netflix four business days to counter the offer or risk losing the deal for Warner Bros. studios and HBO business.
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Warner Bros. Discovery said a new $111 billion offer from Paramount Skydance is a better deal for shareholders than the one it agreed to earlier with Netflix. Netflix will now have four business days to come up with a new proposal that beats Paramount or it will lose the fight for one of the industry’s oldest film and TV studios. Paramount has offered $31 a share for all of Warner Bros. while Netflix has bid $27.75 a share for the company’s studios and HBO business. Paramount Chief Executive Officer David Ellison has been pursuing Warner Bros. for months, efforts that prompted the parent of HBO and CNN to put itself up for sale in October. After Warner Bros. signed a deal in early December with Netflix, Paramount kept up the fight. Bloomberg News Senior Editor and Entertainment Team Leader Chris Palmeri joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
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المقال الأصلي منشور بواسطة Bloomberg في 27 فبراير 2026. التحليل والرؤى المقدمة من AnalystMarkets AI.