StocksHigh ImpactUpdated×3•Originally published 24 February 2026•Updated 25 February 2026•

1 min read

WBD's Paramount Bid Gains Momentum as $31 Per Share Offer Welcomed

Key Facts

1Paramount has increased its bid to acquire Warner Bros. Discovery to $31 per share.

2Warner Bros. is still recommending Netflix’s takeover bid but is currently reviewing the fresh offer from Paramount.

3Neither company provided further details regarding the specifics of the revised Paramount bid.

Paramount Global has officially welcomed the determination by Warner Bros. Discovery’s (WBD) board that its latest acquisition offer could potentially be the winning bid. The sweetened proposal, submitted as a 'Best and Final Offer' (BAFO), includes a specific valuation of $31 per share. This development marks a significant step forward in WBD's evaluation of a strategic shift away from its Netflix agreement in favor of the Skydance-backed merger. The increased cash consideration and clear price point are designed to enhance the deal's attractiveness to shareholders amidst intense industry consolidation. David Ellison’s Skydance remains a pivotal partner in this transaction, which aims to create a media powerhouse capable of competing in the global streaming market. Investors are reacting to the $31 per share figure as a definitive benchmark for the potential merger's success.

7 months ago

Version History

Version 37 months ago

What changed: Paramount officially responded positively to WBD's interest and the specific valuation of the sweetened offer has been revealed as $31 per share.

Version 27 months ago

What changed: The acquisition attempt has moved to a 'Best and Final' stage with an increased cash price tag, significantly raising the pressure to finalize the deal.

Version 17 months ago

What changed: Warner Bros. Discovery is now explicitly considering abandoning its Netflix agreement in favor of the Paramount bid, which is revealed to be backed by David Ellison's Skydance and motivated by non-financial strategic factors.