Warner Bros. Discovery Says Over 93% of Shareholders Have ‘Rejected Paramount’s Inferior Scheme’ in Favor of Netflix Deal

Key Highlights

• Paramount extended its tender offer deadline to February 20, 2026.
• The tender offer is priced at $30 per share, totaling over $108 billion including debt.
• Warner Bros. Discovery stated that over 93% of its shareholders rejected Paramount's offer.
• Paramount is engaging in a proxy fight to challenge Netflix's competing bid.
• Netflix's offer was recently revised to an all-cash deal worth $82.7 billion.