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Warner Bros. Says Paramount’s New $31 Offer May Top Netflix Bid

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February 25, 2026

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Warner Bros. Discovery said a new $31-a-share buyout offer from Paramount Skydance could lead to a better deal than its existing agreement with Netflix Inc., kicking off another potential round of bidding for the famed Hollywood studio.

Warner Bros. isn’t withdrawing its recommendation that investors support Netflix’s $27.75-a-share agreement to buy the company’s studio and HBO operations, according to a statement Tuesday. Instead, it’s saying the latest Paramount terms meet the threshold for further talks. Bloomberg's Geetha Ranganathan joins to discuss.

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Warner Bros. Says Paramount’s New $31 Offer May Top Netflix Bid · Bloomberg Podcasts · Sentinel