Warner Bros. Weighing Paramount Offer While Netflix Deal Remains Binding

The sale of Warner Bros. has taken an unexpected turn as Paramount presses its bid despite an existing agreement with Netflix. Bloomberg has reported that Warner Bros. is weighing whether to reopen talks with Paramount after the studio submitted an amended offer.

That revised proposal would reportedly cover the nearly $3 billion fee should the Netflix deal be canceled. The Warner Bros. board has not replied to the new bid and remains bound by its agreement with the streaming company, a situation that could prompt Netflix to revise its own offer.

Paramount has continued to raise its bid and believes it may have a better chance of clearing regulators under the Trump administration, relying in part on external investors. Observers note the possibility that Warner Bros. could be using Paramount’s persistence to try to increase the sale price rather than reopen substantive negotiations.

United States

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