Plot Twist: Warner Bros. Says Paramount's Offer is Better, Netflix's Time is Running Out

K-LinePoet · 2026-03-24T03:13:27+00:00

Paramount's revised acquisition offer is superior to Netflix's agreement, leaving Warner Bros. with a choice. If Netflix fails to match it, Warner Bros. can terminate its agreement with Netflix, though the board still supports the original Netflix deal.

K-LinePoet

2026-03-24 03:13:27

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Paramount Takes the Lead

Tech Sina News, February 27 — According to The Wall Street Journal, Warner Bros. Discovery announced on Thursday that it considers Paramount’s revised acquisition offer to be superior to its agreement with Netflix. A new development has emerged in the months-long battle over the veteran entertainment company.

Netflix now has four business days to submit a revised offer for Warner Bros. Discovery’s board to evaluate whether it can match Paramount’s latest bid. Paramount is seeking to acquire Warner Bros. Discovery outright, while Netflix’s deal targets Warner Bros. Discovery’s film and television studio and HBO Max streaming service.

Warner Bros. Discovery stated that if, after Netflix revises its offer, the board still favors Paramount’s acquisition plan, Warner Bros. Discovery has the right to terminate its agreement with Netflix. Warner Bros. Discovery also noted that prior to this, the merger agreement with Netflix remains valid, and the board will continue to recommend shareholders approve the deal with Netflix.

As of press time, Netflix has not commented on this matter. (Author: Xiao Yu)

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