Paramount Skydance increases offer for WBD in Hollywood bidding war - Bloomberg
#Paramount Skydance#Warner Bros Discovery#Netflix#Hollywood bidding war#Media acquisition#Ellison financing#Entertainment industry
📌 Key Takeaways
Paramount Skydance increased bid for Warner Bros Discovery to $30 per share
The move aims to disrupt Netflix's existing agreement with Warner Bros
Warner Bros has given Paramount a one-week negotiation window
Larry Ellison is backing over $40 billion in equity for the deal
The outcome could reshape the global entertainment industry
📖 Full Retelling
Paramount Skydance Corp has increased its bid for Warner Bros Discovery Inc in Hollywood on February 23, 2026, aiming to upend an existing agreement between Warner Bros. and Netflix Inc., according to Bloomberg reporting. The revised offer improves upon a previous $30-a-share, all-cash proposal originally presented in December, with Paramount addressing board concerns by providing greater certainty regarding its financing capabilities. Sources familiar with the matter indicate that Warner Bros. has reopened formal negotiations with Paramount for a week-long window concluding that Monday, with Netflix having four days to respond if the board deems the new bid superior. This high-stakes bidding war represents a significant shakeup in the entertainment industry, with Oracle Corp. billionaire Larry Ellison reportedly backstopping over $40 billion in equity for the deal through his family and other investors. Netflix remains a formidable contender with its prior agreement to acquire Warner Bros.' film, TV, and HBO assets for $27.50 a share, which involves a complex spin-off of cable networks including CNN and TNT. The outcome of this battle for the century-old studio will likely dictate the future power structure of the global entertainment industry, with a Paramount victory potentially establishing the most powerful entertainment organization in history.
🏷️ Themes
Corporate consolidation, Media industry transformation, Financial bidding war
# Netflix
**Netflix** is an American subscription video-on-demand (SVOD) over-the-top streaming service. It serves as the primary distribution platform for both original and acquired content, including feature films, television series, documentaries, and specials across a vast array of genres and i...
Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company is headquartered at the Paramount Pictures lot in the Hollywood neighborhood of Los Angeles, California, with multiple of Paramount's divisions and subsidi...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Wall Street slides on Trump tariff turmoil, AI disruption research report Dystopian AI report sinks payment and software stocks Gold prices rise as Trump tariff turmoil boosts safe haven demand These 2 chip stocks are new Top Picks at Citi (South Africa Philippines Nigeria) Paramount Skydance increases offer for WBD in Hollywood bidding war - Bloomberg By Luke Juricic Author Luke Juricic Stock Markets Published 02/23/2026, 06:09 PM Paramount Skydance increases offer for WBD in Hollywood bidding war - Bloomberg 0 WBD 0.59% PSKY -1.07% NFLX -3.37% Investing.com -- Paramount Skydance Corp (NASDAQ:PSKY) has increased its bid for Warner Bros Discovery Inc (NASDAQ:WBD) , intensifying a high-stakes pursuit of the storied Hollywood institution. This latest maneuver aims to upend an existing agreement between Warner Bros. and Netflix Inc. , according to reporting from Bloomberg, citing sources familiar with the matter. Weigh top media stocks against each other by upgrading to InvestingPro - today The revised offer improves upon a previous $30-a-share, all-cash proposal originally presented to shareholders in December. To sweeten the deal, Paramount has addressed lingering board concerns by providing greater certainty regarding its financing capabilities, according to the people. Netflix remains a formidable contender after reaching a prior agreement to acquire Warner Bros.’ film, TV, and HBO assets for $27.50 a share. That specific arrangement involves a complex spin-off of cable networks, including major outlets such as CNN and TNT. Warner Bros. recently reopened formal negotiations with Paramount for a week-long window that concludes this Monday. If the board determines this new bid is superior, Netflix will then have four days to issue a competitive response. Oracle Corp. billionaire Larry Ellison is reportedly backstopping over $40 billion in equity for the deal through his family and other investors. Paramount Sk...
