{"id":330952,"date":"2026-02-10T15:07:28","date_gmt":"2026-02-10T23:07:28","guid":{"rendered":"https:\/\/www.mediaplaynews.com\/?p=330952"},"modified":"2026-02-17T06:08:06","modified_gmt":"2026-02-17T14:08:06","slug":"wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away","status":"publish","type":"post","link":"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/","title":{"rendered":"WBD Board Reviewing Paramount&#8217;s Amended Offer, Which Includes Paying Netflix $2.8 Billion to Go Away"},"content":{"rendered":"<p>Warner Bros. Discovery&#8217;s board of directors Feb. 10 disclosed that it is reviewing an amended hostile bid by Paramount Skydance to acquire the entire media company for $108.4 billion.<\/p>\n<p>&#8220;The board is not modifying its recommendation with respect to the Netflix merger agreement,&#8221; WBD wrote in a statement. &#8220;WBD will review the amended tender offer and advise its stockholders of the board\u2019s recommendation after the completion of that review.&#8221;<\/p>\n<p>The board urged WBD stockholders not to take any action with respect to the amended Paramount Skydance tender offer.<\/p>\n<p>WBD currently has accepted a $82.7 billion offer from Netflix for its studio and streaming business assets only. The television assets would be spun off into a separate standalone company headed by current CFO Gunnar Wiedenfels.<\/p>\n<p>Key to Paramount&#8217;s updated bid is the media company&#8217;s willingness to pay Netflix the guaranteed $2.8 billion cancellation fee should WBD decide to walk away from the streamer&#8217;s deal. Paramount is also offering shareholders a $650 million per quarter &#8220;ticking fee&#8221; should the transaction closing extend beyond Dec. 31.<\/p>\n<p>Paramount, whose bid is largely funded by tech billionaire Larry Ellison, father of Paramount CEO David Ellison, has not raised its $30-per-share all-cash bid. That has kept more than 90% of WBD shareholders for tendering their shares for the hostile bid.<\/p>\n<p><a href=\"http:\/\/eepurl.com\/dgLnU5\" target=\"_blank\" rel=\"noopener\"><strong>Subscribe HERE to the FREE <em>Media Play News<\/em> Daily Newsletter!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warner Bros. Discovery&#8217;s board of directors Feb. 10 disclosed that it is reviewing an amended hostile bid by Paramount Skydance to acquire the entire media company for $108.4 billion. &#8220;The board is not modifying its recommendation with respect to the Netflix merger agreement,&#8221; WBD wrote in a statement. &#8220;WBD will review the amended tender offer &hellip; <a href=\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WBD Board Reviewing Paramount&#8217;s Amended Offer, Which Includes Paying Netflix $2.8 Billion to Go Away&#8221;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":325070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29,166,3,28,271,653],"tags":[118,21618,12536],"coauthors":[65],"class_list":["post-330952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-financial","category-news","category-streaming","category-studios","category-top-news-story","tag-netflix","tag-paramount-skydance","tag-warner-bros-discovery"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WBD Board Reviewing Paramount&#039;s Amended Offer, Which Includes Paying Netflix $2.8 Billion to Go Away - Media Play News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WBD Board Reviewing Paramount&#039;s Amended Offer, Which Includes Paying Netflix $2.8 Billion to Go Away - Media Play News\" \/>\n<meta property=\"og:description\" content=\"Warner Bros. Discovery&#8217;s board of directors Feb. 10 disclosed that it is reviewing an amended hostile bid by Paramount Skydance to acquire the entire media company for $108.4 billion. &#8220;The board is not modifying its recommendation with respect to the Netflix merger agreement,&#8221; WBD wrote in a statement. &#8220;WBD will review the amended tender offer &hellip; Continue reading &quot;WBD Board Reviewing Paramount&#8217;s Amended Offer, Which Includes Paying Netflix $2.8 Billion to Go Away&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/\" \/>\n<meta property=\"og:site_name\" content=\"Media Play News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MediaPlayNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-10T23:07:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T14:08:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mediaplaynews.com\/wp-content\/uploads\/2025\/12\/Paramount-Warner-Netflix-logos.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gruenwedel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MediaPlayNews\" \/>\n<meta name=\"twitter:site\" content=\"@MediaPlayNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gruenwedel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/\"},\"author\":{\"name\":\"Erik Gruenwedel\",\"@id\":\"https:\/\/www.mediaplaynews.com\/#\/schema\/person\/09762ad64f0fa5e8f80202e42dce24fa\"},\"headline\":\"WBD Board Reviewing Paramount&#8217;s Amended Offer, Which Includes Paying Netflix $2.8 Billion to Go Away\",\"datePublished\":\"2026-02-10T23:07:28+00:00\",\"dateModified\":\"2026-02-17T14:08:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/wbd-board-reviewing-paramounts-amended-offer-which-includes-paying-netflix-to-go-away\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mediaplaynews.com\/wp-content\/uploads\/2025\/12\/Paramount-Warner-Netflix-logos.jpg\",\"keywords\":[\"Netflix\",\"Paramount Skydance\",\"Warner Bros. 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