We still support Netflix: Warner Bros rejects Paramount's offer; Gives deadline to revise bid

2026-02-17 - 16:23

Warner Bros. Discovery has reportedly rejected Paramount-Skydance's latest takeover bid but has given them seven days to submit a superior offer, potentially allowing Netflix to match it. WBD's board remains committed to the Netflix deal, citing unresolved financing and equity concerns with Paramount's proposal.