Here’s what Paramount would have to do for Netflix to walk away from its Warner Bros. deal

AirdropHarvester · 2026-02-20T16:04:02+00:00

Netflix has led efforts to acquire Warner Bros. Discovery, but renewed negotiations between Warner Bros. and Paramount Skydance could lead Netflix to reconsider its pursuit of the acquisition.

AirdropHarvester

2026-02-20 16:04:02

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For months, Netflix has been in the driver’s seat of an industry-shaking effort to acquire Warner Bros. Discovery. But that company’s decision earlier this week to reopen talks with rival Paramount Skydance has opened the door for a scenario in which Netflix could walk away.

The Warner Bros. WBD board of directors on Tuesday decided to grant Paramount PSKY a seven-day window to present its best and final offer on a promise that Paramount would raise its bid to at least $31 per share from $30 per share.

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