Warner Bros Rejects Paramount Skydance Bid, Keeps Netflix Option Open

Warner Bros Discovery has rejected Paramount Skydance's revised takeover offer but will consider a final improved bid until February 23, 2026. The company received a seven-day waiver from Netflix to address unresolved issues in Paramount's amended proposal. Despite this, Warner Bros' board unanimously recommends shareholders accept the Netflix merger, citing regulatory clarity and investor protection. Paramount's latest offer is $31 per share, but the board maintains many deficiencies remain. The Netflix deal involves separating streaming and studios businesses, with a shareholder vote scheduled for March 20. Nigerian investors should monitor the outcome as it could impact market conditions.

SOURCE: https://nairametrics.com/2026/02/17/warner-bros-rejects-revised-paramount-bid-waits-for-final-offer/