In the bidding war for Hollywood veteran Warner Brothers, rival Paramount has submitted a higher bid.
02/25/2026, 02:4602/25/2026, 02:46
The board of directors of the Warner Bros. Discovery group wants to take a closer look at Paramount’s revised offer.
Paramount boss David Ellison has close ties to the Republican camp: Here he arrives at the Capitol with Senator Lindsey Graham before Trump’s State of the Union address.Image: keystone
The Warner board of directors wants to clarify whether the offer is superior to the Netflix proposal that has already been accepted. According to his statement, he considers this to be quite realistic.
In this case, according to the previous takeover agreement, Netflix would have four days to counterattack. It is unclear whether there will be a new round in the bidding war. Netflix co-chief executive Ted Sarandos downplayed the prospect.
The improved Paramount proposal includes increasing the bid for all of what is now Warner Bros. Discovery from $30 to $31 per share in cash. Netflix only wants to buy the studio and streaming business. In this variant, Warner’s TV channels – including CNN – should move into a separate company. (sda/dpa)