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)
![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)
![Paramount Skydance has repeatedly pursued a hostile takeover bid of Warner Bros. Discovery as its deal with Netflix looms [File: Mike Blake/Reuters]](/wp-content/uploads/2026/01/2026-01-22T131001Z_264531435_RC2I0JAF57S4_RTRMADP_3_WARNER-BROS-DISCOVERY-M-A-PARAMOUNT-SKYDAN-1769110402.jpg?resize=770%2C513&quality=80)
![The Netflix CEO said the all-cash deal with expedite the timeline for a stockholder vote [File: Daniel Cole/Reuters]](/wp-content/uploads/2026/01/2026-01-17T014724Z_1688721972_RC2DCIAEVINQ_RTRMADP_3_USA-TRUMP-BONDS-1768930362.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)
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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)
Paramount goes hostile in its bid for Warner Bros Discovery
It is the same bid that Warner Brothers rejected in favour of the offer from Netflix last week.
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)
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.
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)
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Jimmy Kimmel returns to ABC with emotional monologue: Key takeaways
As Kimmel returns, he addressed the controversy that led major station groups to drop his late-night show.
Some US broadcasters will not air Kimmel even as ABC brings back show
Nexstar and Sinclair Broadcasting, two major affiliate operators, own and operate 70 of the 250 ABC stations across US.
![Looming boycotts of Disney came in the aftermath of the indefinite suspension leading to a 2.78 percent dip in their stock over the course of five days [File: David Swanson / Reuters ]](/wp-content/uploads/2025/09/2025-09-19T210702Z_1820652917_RC28VGAYARZA_RTRMADP_3_USA-KIMMEL-1758657410.jpg?resize=770%2C513&quality=80)
EXPLAINER
Why is Jimmy Kimmel returning to ABC, what did his suspension cost Disney?
Kimmel’s show was suspended last week following his comments about Trump and MAGA responses to Charlie Kirk’s murder.
Investors rejoice over looming TikTok deal despite political concerns
White House says Oracle, whose cofounder Larry Ellison is a key Trump ally, will be an investor in short-video app.
![Oracle’s stock surged on the news of the looming deal. It is up 4.6 percent for the day [File: Daniel Cole / Reuters]](/wp-content/uploads/2025/09/2025-09-17T004239Z_1546414941_RC2WPDATJGDB_RTRMADP_3_USA-TRUMP-TARIFFS-CHINA-1758558841.jpg?resize=770%2C513&quality=80)
EXPLAINER
Does US’s communications agency have power to regulate Kimmel’s speech?
Experts say FCC may have overstepped in calling for action over Jimmy Kimmel’s comments about Charlie Kirk murder.
