New York (AFP) – The film and television giant Warner Bros Discovery (WBD) announced the beginning this Tuesday of a seven-day discussion period with the Paramount company regarding its acquisition offer, which competes with that of Netflix.

First modification: 02/17/2026 - 15:25

"Netflix granted WBD a limited authorization (...) that allows it to begin discussions with Paramount Skydance for a period of seven days until February 23, 2026" so that that company has "the possibility of presenting its best offer" which will be considered the "final one," Warner Bros. said in a statement.

WBD reiterated its preference for the purchase offer presented by Netflix.

An extraordinary general meeting will be held on March 20 for shareholders to decide which of the two proposals they accept.

In early December, Netflix launched a purchase offer for the Warner Bros film studio and the entirety of HBO (channels and streaming platform HBO Max) for $82.7 billion, including debt (72 billion without debt).

The operation would be carried out after the split between that subgroup and a portfolio of channels, including CNN and Discovery.

For its part, Paramount Skydance proposed acquiring all of WBD, including its portfolio of television channels.

But its takeover bid, which valued the company at $108.4 billion, was first rejected in December by WBD. A second improved offer was again rejected on January 7.

© 2026 AFP

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