Paramount Extends Warner Bros Bid Deadline Amid Netflix Rivalry
Paramount has extended its bid deadline for Warner Bros to February 20, maintaining its $108.4 billion offer. Netflix's competing bid was board-approved.
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Paramount Global has extended the deadline for its hostile tender offer to acquire Warner Bros Discovery to February 20, 2026. The media giant has kept its bid at $108.4 billion, or $30 per share, despite only 6.8% of Warner Bros shares being tendered by the original January 21 deadline. This move comes in the wake of Netflix Inc revising its all-cash offer to $82.7 billion, or $27.75 per share, which has been unanimously approved by Warner Bros' board.
The extension by Paramount, led by David Ellison david ellisonand Larry Ellison larry ellison, aims to buy more time to rally shareholder support amid a competitive acquisition landscape. The Ellisons have argued that their relationship with former US 
USPresident Donald Trump donald trumpprovides a smoother regulatory path for the deal. However, Warner Bros' board, under the leadership of David Zaslav david zaslav, previously rejected an amended offer from Paramount that included $40 billion in equity personally guaranteed by Larry Ellison.
USPresident Donald Trump donald trumpprovides a smoother regulatory path for the deal. However, Warner Bros' board, under the leadership of David Zaslav david zaslav, previously rejected an amended offer from Paramount that included $40 billion in equity personally guaranteed by Larry Ellison.
