Netflix stock rose 1.6% amid developments in its bid to acquire Warner Bros. Discovery. Warner Bros. Discovery received a revised higher offer from Paramount Skydance and announced it would review the proposal while continuing to recommend Netflix's deal to shareholders. Netflix's offer values the studio and streaming assets at $27.75 per share, totaling approximately $82.7 billion in enterprise value. Paramount's revised bid is for $30 per share for the entire company. Under the merger agreement terms, if Warner Bros. Discovery determines Paramount's offer is superior, Netflix will have four business days to improve its bid. If Netflix does not match or exceed Paramount's offer, Netflix would receive a $2.8 billion breakup fee. Both deals require regulatory approval. Netflix CEO Ted Sarandos defended the company's bid as focused on growth and expansion of the business.
Read full analysisNetflix stock rose 1.6% amid developments in its bid to acquire Warner Bros. Discovery. Warner Bros. Discovery received a revised higher offer from Paramount Skydance and announced it would review the proposal while continuing to recommend Netflix's deal to shareholders. Netflix's offer values the studio and streaming assets at $27.75 per share, totaling approximately $82.7 billion in enterprise value. Paramount's revised bid is for $30 per share for the entire company. Under the merger agreement terms, if Warner Bros. Discovery determines Paramount's offer is superior, Netflix will have four business days to improve its bid. If Netflix does not match or exceed Paramount's offer, Netflix would receive a $2.8 billion breakup fee. Both deals require regulatory approval. Netflix CEO Ted Sarandos defended the company's bid as focused on growth and expansion of the business.
Netflix is the world's largest streaming entertainment service, with over 300 million paid subscribers globally across TV series, films, and games. The company is pursuing a transformative $82.7 billion acquisition of Warner Bros. Discovery's studio and streaming assets — including HBO, the Warner film studio, and DC Comics — while Paramount Skydance competes with a rival bid for all of WBD. The stock is trading near 52-week lows as the deal faces DOJ antitrust scrutiny, political pressure from President Trump over board member Susan Rice, and a March 20 WBD shareholder vote that will be pivotal to the outcome.