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Warner Bros. Discovery board says revised Paramount bid could top Netflix offer

( February 24, 2026, 22:31 GMT | Official Statement) -- MLex Summary: Paramount's latest bid for Warner Bros. "could reasonably be expected to lead to" a superior proposal as defined in WBD's deal with Netflix, according to the Warner Bros. Discovery board of directors. Paramount's revised bid includes a purchase price of $31 per share, plus a daily ticking fee equal to $0.25 per quarter beginning after Sept. 30, 2026, and a $7 billion termination fee in the event that the transaction does not close due to regulatory matters. While the board has not made a determination as to the offer's superiority, it said that Netflix would have four business days to negotiate and propose any revisions to its transaction.Statement follows below:...

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