Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say
#Netflix #Warner Bros Discovery #Paramount Skydance #HBO Max #Warner Bros #Acquisition #Bid #Shareholder vote #Media giants #Streaming services #Franchise #Harry Potter #Game of Thrones #DC Comics #Superman
📌 Key Takeaways
- Netflix currently bids $27.75 per share ($82.7 billion) for Warner Bros Discovery’s studio and streaming assets.
- Paramount Skydance has offered $108.4 billion for the entire company, including Discovery Global.
- WBD is holding a March 20 shareholder vote on Netflix’s offer and has allowed Paramount a week to submit a higher bid.
- Netflix has ample cash reserves that could enable it to increase its offer if needed.
- Both Netflix and Warner Bros Discovery declined to comment on the developing negotiations.
📖 Full Retelling
Netflix, Warner Bros Discovery, and Paramount Skydance are locked in a high‑stakes bidding war over Warner Bros Discovery. On February 19, 2026, Reuters reported that Netflix has the cash to raise its $82.7 billion offer for Warner Bros Discovery if Paramount Skydance decides to increase its own bid. Warner Bros Discovery is preparing for a March 20 shareholder vote on Netflix’s proposal, while giving Paramount a week to present a more attractive offer for the company’s studio and streaming businesses.
🏷️ Themes
Media consolidation, Streaming wars, Strategic acquisitions, Corporate competition, Shareholder engagement
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices edge higher; geopolitical tensions outweigh hawkish Fed minutes Morgan Stanley identifies best gas stocks amid AI data center boom Hawkish hints in Fed minutes; Walmart to report - what’s moving markets U.S. stocks slip after hawkish Fed minutes; Walmart guidance falls short (South Africa Philippines Nigeria) Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say By Reuters Stock Markets Published 02/19/2026, 12:47 PM Updated 02/19/2026, 12:48 PM Exclusive-Netflix has ample room to increase its offer in battle for Warner Bros, sources say 0 WBD -0.09% NFLX -0.90% By Amy-Jo Crowley and Milana Vinn Feb 19 - Netflix has ample cash and could increase its offer for HBO Max owner Warner Bros Discovery if rival Paramount Skydance ups its own offer, two people with knowledge of the matter said. The two media giants have been locked in a heated rivalry over Warner Bros and its storied catalogue, which includes iconic franchises like "Harry Potter", "Game of Thrones", DC Comics and Superman. Though Warner Bros is moving forward with a March 20 shareholder vote on Netflix ’s offer, it has given Paramount a week to come up with a more compelling bid. Netflix has bid $27.75 a share, or $82.7 billion, for Warner Bros’ studio and streaming businesses while Paramount has offered $108.4 billion for the whole company, which includes Discovery Global that houses CNN, HGTV and other TV assets. Netflix and Warner Bros declined to comment.
Read full article at source