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In a new development in the ongoing conflict between Warner Bros. Discovery, Netflix, and Paramount, reports indicate that the WBD board continues to support the original deal with Netflix, ignoring Paramount’s recent rival offer.
According to a report published by Bloomberg, the Warner Bros. Discovery board plans to inform investors that Paramount’s offer should be rejected, arguing that the existing agreement with Netflix provides higher value, clearer terms, and long-term stability.
The report noted that the Board, after considering and reviewing Paramount’s proposal, continues to believe that the deal with Netflix is superior in terms of financial value, operational certainty and terms of the agreement compared to what was proposed by the competitor.
Warner Bros. Discovery and Netflix had previously announced an agreement for Netflix to acquire the Warner Bros. side of the company in a deal valued at $82.7 billion in total.
Paramount made a subsequent offer to acquire the entire company for $108 billion, an offer that has been highly controversial as some analysts estimate that this valuation gives the TV networks and the rest of the company’s assets relatively little value compared to the value of the broadcast and services sector.
The board’s move comes as no surprise as WBD made it clear after receiving Paramount’s hostile and unsolicited offer that it does not intend to modify its previous recommendation on the Netflix deal.
However, the final decision rests with investors, who could theoretically vote against the board’s recommendation if they see Paramount’s offer as more attractive. If the Netflix deal moves forward, the acquisition is expected to be completed after Warner Bros. Discovery finalizes its split into two separate companies in 2026.
Upon completion of the deal, Warner Bros. Games, including popular titles and brands such as Mortal Kombat, DC, and Harry Potter, could be a major shift in the gaming and digital entertainment industry.
This issue remains open to many possibilities, pending the final word from investors in the coming period.
