Warner Bros rejects latest Paramount bid but open to ‘best and final’ offer
The Warner Bros Discovery board says it remains committed to the Netflix deal.
![Paramount has said the board "never meaningfully engaged" with its offers [Adam Gray/Reuters]](/wp-content/uploads/2026/02/2026-02-17T181656Z_290930714_RC2TNJAJGP22_RTRMADP_3_WARNER-BROS-DIS-M-A-PARAMOUNT-SKYDAN-1771359118.jpg?resize=770%2C513&quality=80)
![Paramount Skydance also offered to cover the termination fee if Warner Bros. Discovery walks away from the Netflix deal [File: Mike Blake/Reuters]](/wp-content/uploads/2026/02/2026-01-22T131001Z_264531435_RC2I0JAF57S4_RTRMADP_3_WARNER-BROS-DISCOVERY-M-A-PARAMOUNT-SKYDAN-1770741666.jpg?resize=770%2C513&quality=80)
![Instagram, TikTok, Snapchat, Kick, YouTube, Facebook, Twitch, Reddit, Threads and X applications are displayed on a mobile phone in this photo taken on Dec. 9, 2025. [File: Hollie Adams/Reuters]](/wp-content/uploads/2026/01/image-1769717086.jpg?resize=770%2C513&quality=80)
![The changes to CBS comes as parent company Paramount Skydance continues with a series of hostile takeover bids to buy Warner Bros. Discovery, the parent company of CNN [File: Mike Blake/Reuters]](/wp-content/uploads/2026/01/2026-01-27T132028Z_183358991_RC2ZZT9VDGMP_RTRMADP_3_MEDIA-CBS-1769538848.jpg?resize=770%2C513&quality=80)
![Warner Bros. Discovery and Netflix stock rose on the news of the rejected takeover bid as Paramount Skydance slumped [File: Mike Blake/Reuters]](/wp-content/uploads/2026/01/2025-12-16T144735Z_1697212422_RC2ACIAFF9PJ_RTRMADP_3_WARNER-BROS-DISCOVERY-M-A-1767805206.jpg?resize=770%2C513&quality=80)
![News of the board decision sent both Warner Bros. Discovery and Paramount-Skydance’s stock tumbling while it sent Netflix stock surging [File: Mike Blake/Reuters]](/wp-content/uploads/2025/12/2025-12-16T144739Z_1051056991_RC2ACIATS8CM_RTRMADP_3_WARNER-BROS-DISCOVERY-M-A-1765984479.jpg?resize=770%2C513&quality=80)
Advertisement
Content Feed
Paramount’s Warner Bros Discovery bid faces conflict of interest concerns
Experts are worried that Paramount-Skydance might undercut the editorial independence of CNN, among other issues.
![Lawmakers were concerned that Netflix’s offer would limit competition in Hollywood while Paramount-Skydance’s would impact how CNN covers the Trump administration [File: Daniel Cole/Reuters]](/wp-content/uploads/2025/12/2025-12-09T162154Z_509628120_RC2BCIA1VRD6_RTRMADP_3_WARNER-BROS-DIS-M-A-PARAMOUNT-MIDDLE-EAST-1765468739.jpg?resize=770%2C513&quality=80)
Netflix to acquire Warner Bros Discovery, raising antitrust concerns
Critics say the deal would create less competition in Hollywood and limit choice for consumers.
![The deal comes after a bidding war between Netflix and Paramount-Skydance, the owner of CBS News [File: Mike Blake/Reuters]](/wp-content/uploads/2025/12/2025-12-03T005823Z_633287869_RC2J8IAAZM9Q_RTRMADP_3_WARNER-BROS-DIS-M-A-NETFLIX-1764950945.jpg?resize=770%2C513&quality=80)
EXPLAINER
Why did India order smartphone makers to install a government app?
Privacy concerns lead India to rescind order demanding pre-installed cybersecurity app on all new mobile devices.
Paramount Skydance prepares $71bn bid for Warner Bros Discovery: Report
Warner Bros Discovery is on the verge of breaking up, crippled by declines in its television business.
Verizon planning its largest layoffs ever: Report
The cuts could impact 15,000 employees, or 15 percent of the workforce, as soon as next week.
![The looming layoffs has sent the stock upwards at 1.3 percent higher than the market open on Thursday [Sergio Perez/Reuters]](/wp-content/uploads/2025/11/2025-11-13T161411Z_447366154_RC2RVHAMBTP9_RTRMADP_3_VERIZON-LAYOFFS-1763062787.jpg?resize=770%2C513&quality=80)
EXPLAINER
Solar storms to hit Earth, triggering northern lights: What we know
The United States weather agency has issued a G4 geomagnetic storm watch alert, implying severe storms expected.
Conservative activist sues Google over AI-generated statements
The lawsuit comes amid growing concerns about how AI fuels the spread of misinformation.
![Google parent company Alphabet’s stock was not impacted by the news of the lawsuit [File: Carlos Barria / Reuters]](/wp-content/uploads/2025/10/2025-05-14T023551Z_1454450626_RC2AHEA3KVHV_RTRMADP_3_ALPHABET-RESULTS-1761157796.jpg?resize=770%2C513&quality=80)
Warner Bros Discovery explores possible sale
Comcast, Netflix and Paramount-Skydance reportedly have interest in buying the media giant.
![Warner Bros-Discovery stock is surging on the news of a possible sale. As 11:30 AM in New York (15:30 GMT) it is up 10.8 percent [File: Mike Blake / Reuters]](/wp-content/uploads/2025/10/2025-09-09T023403Z_1160442236_RC21OGA04S8L_RTRMADP_3_FILM-ONE-BATTLE-AFTER-ANOTHER-PREMIERE-1761061138.jpg?resize=770%2C513&quality=80)
EXPLAINER
What caused Amazon’s AWS outage, and why did so many major apps go offline?
Amazon Web Services, a cloud platform that supports a portion of the internet, experienced a massive outage on Monday.
As US public media funds officially dry up, local radio stations struggle
Local stations like the Allegheny Mountain Radio serve as a key resource for locals during crises.
![Allegheny Mountain Radio, which straddles the Virginia and West Virginia border is the only source of real time information in the region [Scott Smith / Allegheny Mountain Radio]](/wp-content/uploads/2025/10/Image-2-1760627869.jpeg?resize=770%2C513&quality=80)
