According to Bloomberg’s sources, Warner Bros. Discovery is “considering” reopening sale talks with Paramount/Skydance after receiving the most recent amended offer. The report states that Warner Bros. is evaluating whether Paramount might actually present the “superior deal,” which could potentially trigger a second bidding war with Netflix.
This latest update comes less than a week after Paramount sweetened its bid by adding an incremental 25 cents per share in cash to WBD holders for every quarter the acquisition doesn’t close after Dec. 31, 2026—equating to roughly $650 million per quarter in total value. Paramount also pledged to cover the $2.8 billion termination fee owed to Netflix if WBD shareholders fully accept its $30-per-share all-cash offer.
If Warner Bros. chooses to resume negotiations with Paramount, it would have to first inform Netflix. Warner Bros. would then attempt to persuade Paramount to raise its offer above $30 per share. Should Warner Bros. determine that Paramount’s revised offer is more favorable, Netflix would then have to be put in the position to match it.
There is definitely a post-Heard comeback mounting for Depp at the moment. ‘Ebenezer’ is the first step, and next year the actor will star in Marc Webb’s “Day Drinker,” co-starring Penelope Cruz.