Paramount Increases Acquisition Offer for Warner Bros.

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Paramount Ups Bid for Warner Bros., Intensifying Hollywood Studio Battle

A Paramount water tower at Paramount Studios in Los Angeles. Photographer: Mario Tama/Getty Images

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CNBC TV18•24-02-2026, 07:10

Paramount Ups Bid for Warner Bros., Intensifying Hollywood Studio Battle

•Paramount Skydance Corp. has submitted a higher, unspecified offer to acquire Warner Bros. Discovery Inc.
•The new bid improves upon Paramount's previous $30-a-share, all-cash proposal and addresses financing concerns.
•Warner Bros. had previously agreed to sell its film and TV studios and HBO business to Netflix Inc. for $27.75 per share.
•Warner Bros. has reopened talks with Paramount; Netflix will have four days to respond if the new offer is deemed superior.
•The acquisition battle for the iconic studio, known for films like Casablanca and Batman, is one of the biggest media deals in years.

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