What is the price offered by Paramount for Warner Bros. Discovery shares?

Paramount Skydance is offering $30.00 per share in cash for all outstanding shares of Warner Bros. Discovery Series A common stock.

What is Warner Bros. Discovery's deal with Netflix?

Warner Bros. Discovery agreed to sell its studio and streaming assets to Netflix for $27.75 per share in cash, while spinning off CNN and cable channels into Discovery Global.

How many Warner Bros. Discovery shares have been tendered to Paramount so far?

More than 168.5 million Warner shares have been tendered, which is well short of the roughly 50% needed for effective control.

What is the new deadline for Paramount's tender offer?

Paramount has extended its tender offer deadline to February 20, 2026.

Why does Paramount argue its offer is superior to Netflix's?

Paramount claims its $30 per share offer for the entire company, including cable networks like CNN, is superior due to uncertainties in Discovery Global's value and potential debt allocation reducing Netflix's effective per-share payout to as low as $23.20.

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1M ago

Paramount Again Extends Tender Offer in Hostile Bid for Warner Bros. Discovery

Paramount extends its $77.9B tender offer to Feb. 20 while mounting a proxy fight against Warner Bros. Discovery's Netflix sale, arguing its takeover is superior.

Overview

A summary of the key points of this story verified across multiple sources.

Paramount extended its tender offer to Feb. 20, offering $30 per Warner share, valuing the bid at over $108 billion including debt.

More than 168.5 million Warner shares have been tendered so far, well short of the roughly 50% needed to gain effective control.

Paramount is escalating with a planned proxy fight, filing preliminary materials to nominate directors and solicit proxies opposing Warner's Netflix merger.

Warner's board favors Netflix's all-cash studio-and-streaming sale valued at about $83 billion including debt, a deal that excludes Warner's networks business.

The contest complicates valuation and regulatory review: Paramount seeks the whole company including news and cable, while Netflix wants only studio and streaming assets.

Written using shared reports from

3 sources

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Analysis

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Center-leaning sources present a largely neutral, market-focused account: factual timelines, deal values, shareholder tallies and corporate actions are foregrounded, with minimal loaded language. Coverage emphasizes competing offers, proxy fight and regulatory risks, and notes outreach for comment — framing the story as corporate finance news rather than partisan narrative.

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Paramount extends its deadline for its Warner Bros. Discovery tender offer, again

ABC News•1M ago

Paramount Asks Warner Bros. Voters to Reject Netflix Offer

Bloomberg•1M ago

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Paramount Extends Warner Bros. Tender Offer to Feb. 20

Newsmax•1M ago

FAQ

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: Paramount Skydance is offering $30.00 per share in cash for all outstanding shares of Warner Bros. Discovery Series A common stock.
Sources:
Los Angeles Times
: Warner Bros. Discovery agreed to sell its studio and streaming assets to Netflix for $27.75 per share in cash, while spinning off CNN and cable channels into Discovery Global.
Sources:
Los Angeles Times
: More than 168.5 million Warner shares have been tendered, which is well short of the roughly 50% needed for effective control.
Sources:
Los Angeles Times
: Paramount has extended its tender offer deadline to February 20, 2026.
Sources:
PR Newswire
: Paramount claims its $30 per share offer for the entire company, including cable networks like CNN, is superior due to uncertainties in Discovery Global's value and potential debt allocation reducing Netflix's effective per-share payout to as low as $23.20.
Sources:
PR Newswire

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