Netflix Could Raise Warner Bros Bid as Paramount Presses Higher Offer

SelfRugger · 2026-03-01T23:52:35+00:00

Netflix has the financial capacity to increase its bid for Warner Bros. Discovery if competitor Paramount Skydance raises its offer. Warner Bros. is engaging with Paramount on a final proposal, while Netflix awaits developments.

SelfRugger

2026-03-01 23:52:35

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Netflix Could Raise Warner Bros Bid as Paramount Presses Higher Offer

Faizan Farooque

Mon, February 23, 2026 at 11:28 PM GMT+9 1 min read

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This article first appeared on GuruFocus.

Netflix (NFLX, Financials) has enough cash to increase its bid for Warner Bros. Discovery if rival bidder Paramount Skydance submits a higher offer, Reuters reported, citing two sources familiar with the matter.

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Warner Bros. Discovery has agreed to engage with Paramount on a best and final proposal. Paramount’s latest approach reportedly included additional incentives, such as a ticking fee of up to $650 million per quarter after 2026 if regulatory approvals are delayed, and a commitment to fund the $2.8 billion termination fee owed to Netflix if the agreement is withdrawn.

Netflix previously offered $27.75 per share, valuing Warner Bros.’ studio and streaming businesses at about $82.7 billion. Paramount has signaled a willingness to pay more than $31 per share for the entire company, though it has not disclosed a final figure.

Under the merger agreement, Netflix retains the right to match a superior proposal. Warner Bros. has scheduled a special shareholder meeting for March 20 to vote on the Netflix transaction.

Investors will watch whether Paramount submits a revised bid before the deadline and whether Netflix responds, as the takeover contest enters a decisive phase.

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