ToplineWarner Bros. Discovery said Thursday that Paramount Skydance’s acquisition proposal is “superior” to Netflix’s offer, giving the streaming giant four days to counter with a better deal in a battle that will shake up the media and entertainment industry.Warner Bros. Discovery published its statement about the offer Thursday afternoon.Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images ...

Core Insights - Warner Bros. Discovery reported higher-than-expected fourth-quarter core earnings and is "well positioned" for long-term success while evaluating competing takeover proposals from Paramount Skydance and Netflix [1] - The company reiterated its existing merger agreement with Netflix but acknowledged that Paramount's revised offer could lead to a superior proposal [1][3] Financial Performance - For the fourth quarter, adjusted core earnings before interest, taxes, depreciation, and amortization totaled $2.22 billion, down 19% from the prior year but exceeding Bloomberg consensus estimates of $2.11 billion [4] - Revenue declined 5.7% to $9.46 billion, although this figure surpassed expectations [4] Takeover Proposals - Paramount raised its bid to $31 per share for Warner Bros., increasing the termination fee from $5.8 billion to $7 billion if regulatory approval is not obtained [2] - Netflix's offer stands at $27.75 per share for Warner Bros.'s studios and HBO Max streaming business, while Warner Bros. plans to spin off its traditional television operations into a separate entity [3] Studios Segment Performance - The studios segment showed a 52% year-over-year increase in core profit to $2.55 billion, excluding currency effects, with early momentum noted in the division [5] - Streaming subscribers reached nearly 132 million, exceeding the target of 130 million set in August 2022, with expectations to surpass 140 million by the end of the current quarter [5]

LOS ANGELES, CALIFORNIA - FEBRUARY 23: An aerial view of the Paramount logo on the water tower at Paramount Studios on February 23, 2026 in Los Angeles, California. Paramount Skydance is poised to increase its takeover offer for Warner Bros. Discovery above Netflix’s current bid, setting up a high-stakes bidding war that could see Netflix walk away from the deal if outbid. (Photo by Justin Sullivan/Getty Images)Getty ImagesThe board of Warner Bros. Discovery released a statement Thursday afternoon declaring ...

Netflix has been given four days to beat a sweetened offer by Paramount Skydance for the assets of Warner Bros Discovery in the latest twist in the battle for control of the media giant.In an announcement on Thursday afternoon, WBD said that its board had determined Paramount’s revised offer to be a “company superior proposal” compared to Netflix’s $82.7bn deal – triggering Netflix’s window to respond.In its revised offer, Paramount offered $31 per share for the company, up from $30, a $7bn regulatory termi ...

Warner Bros. Discovery’s board has labeled a revamped bid from Paramount Skydance a “superior proposal,” throwing a wrench into its pending merger with Netflix.The New York-based media giant announced the decision on Thursday, triggering a four-business-day window for Netflix to match the offer or lose the dealAny new company that emerges from this bidding war would include HBO Max and rival tech giants Amazon and Apple in the increasingly competitive streaming market. REUTERSDavid Ellison’s Paramount Skyda ...

Vancouver, Canada, February 26, 2026 – TheNewswire - Electrum Discovery Corp. ("Electrum" or the "Company") (TSX-V:ELY | FRA:R8N | OTC:ELDCF) announces that the Supreme Court of British Columbia issued an interim order dated February 20, 2026 in connection with the previously announced arrangement (the "Arrangement") with MinRex Resources Ltd. ("MinRex") authorizing the calling and holding of the special meeting (the "Meeting") of the holders (the "Electrum Securityholders") of securities of the Company an ...

Melissa, Warner Brothers Discovery's board has determined that Paramount's revised proposal uh for the company constitutes a company superior proposal. What that means is that Warner Brothers Discoveries now notified Netflix of the fact that they could see the Paramount Sky Dance offer as superior. And under the terms of the Netflix merger agreement, this triggers a 4-day period in which Netflix has the right to revise its merger agreement so that it would constitute a superior proposal.What that means in p ...

Core Viewpoint - Warner Bros. Discovery's board is facilitating a competitive bidding process between Paramount and Netflix for the company's assets, with Paramount's latest offer being deemed superior [1][2]. Group 1: Bidding Details - Paramount's revised bid is now $31 per share, up from $30, and includes a "ticking fee" of $0.25 per share starting after September 30 [2]. - Netflix's offer stands at $82.7 billion for the studios-and-streaming division of WBD, while Paramount's bid is for the entire company [1][2]. - Paramount's bid includes a $7 billion termination fee if regulatory issues arise, in addition to the $2.8 billion breakup fee promised by Netflix [3]. Group 2: Board Actions and Timeline - The WBD board has triggered a four-day response period for Netflix to revise its bid following the designation of Paramount's offer as superior [1][3]. - A special shareholder vote on the Netflix deal is scheduled for March 20 [4].

PARAMOUNT COMMENTS ON WARNER BROS. DISCOVERY BOARD'S DETERMINATION OF PARAMOUNT'S PROPOSAL AS SUPERIOR [Accessibility Statement] Skip NavigationLOS ANGELES and NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") confirms that it has been notified by Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") that WBD's Board of Directors has determined that Paramount's $31 per share, all-cash proposal to acquire WBD is a "Company Superior Proposal" under the terms of W ...

The Paramount logo is shown on a structure at the Paramount studio lot in Hollywood, Los Angeles, California, U.S., Feb. 26, 2026.Warner Bros. Discovery has valued Paramount Skydance's latest offer as superior to Netflix, another twist in the ongoing sale process. Netflix will have four business days to make changes to its own proposal, according to a WBD statement on Thursday.This is breaking news. Please refresh for updates. ...