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StocksMediumUpdated×4•Originally published 23 February 2026•Updated 24 February 2026•

1 min read

Paramount Raises WBD Bid to $31 Per Share; Warner Bros. Signals Potential 'Superior' Offer

Key Facts

1Skydance CEO David Ellison is looking to submit an increased bid before a midnight Monday deadline.

3 months ago

Version History

Version 43 months ago

What changed: The bid valuation was updated to $31 per share, and WBD signaled the offer could be superior to the standing Netflix agreement, potentially triggering a bidding war.

Version 33 months ago

What changed: Paramount Skydance Corporation (PSKY) provided official confirmation of the bid submission to the WBD board, formalizing the negotiation process and identifying the bidding entity.

Version 23 months ago

What changed: Warner Bros. Discovery has officially started reviewing the Paramount bid while clarifying that its existing agreement with Netflix remains active and financial terms are currently undisclosed.

Version 13 months ago

What changed: The status of the bid progressed from press reports to official confirmation by Warner Bros. Discovery on February 24, 2026.

Paramount Skydance Corporation (NASDAQ: PSKY) has significantly increased its acquisition offer for Warner Bros. Discovery (WBD) to $31 per share. This revised bid marks a major escalation in the consolidation battle, valuing the media giant substantially higher than previous estimates. Warner Bros. Discovery has indicated that the new proposal could lead to a 'superior deal' compared to its existing agreement with Netflix Inc. This development potentially sparks a high-stakes bidding war between the industry's largest players for control of WBD's vast content library. Market analysts suggest that the $31-a-share offer puts immense pressure on Netflix to either raise its bid or risk losing the acquisition. The board is currently evaluating the financial implications as it navigates these competing interests to maximize shareholder value in an increasingly consolidated market.