Article in Reuters by Milana Vinn & Dawn Kopecki, 2/17/26
Headline: “Warner Bros rejects revised Paramount bid, but remains open to a final offer”
Warner Bros Discovery (WBD.O), opens new tab on Tuesday rejected Paramount Skydance’s (PSKY.O), opens new tab latest $30-a-share hostile bid, but gave the rival Hollywood studio seven days to submit a “best and final” offer to top an existing agreement to sell its businesses including HBO Max and “Harry Potter” franchise to Netflix.
“Paramount informally broached an even higher per-share price of $31, Warner Bros said, apparently enticing the board to the table. But its response to Paramount indicates Warner Bros prefers its deal with Netflix, and the odds of a switch are long. . .”
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