Overview
- Warner Bros. Discovery said on Feb. 24 that it is evaluating a revised proposal received from Paramount.
- The company did not disclose the new terms, though multiple outlets report the bid exceeds Paramount’s prior $30-per-share offer, valued around $108.4 billion.
- Paramount’s approach has been described as a hostile attempt to derail Netflix’s agreed acquisition of Warner Bros. Discovery.
- With Netflix’s permission, Warner Bros. Discovery reopened talks with Paramount on Feb. 17 under a negotiating window that was reported to run through Feb. 23.
- No decision has been announced, and the contest between Paramount and Netflix for control of Warner Bros. Discovery remains unresolved.