Reviewed by Gotrade Internal Analyst
Gotrade News - Paramount is once again extending the deadline for its tender offer to take over Warner Bros Discovery.
This aggressive move directly challenges the merger agreement Warner has already sealed with Netflix.
Key Takeaways
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Paramount extends its tender offer deadline to February 20.
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The $30 per share all-cash offer remains higher than Netflix's bid.
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Paramount launches a proxy fight to replace Warner's board of directors.
Warner shareholders now have until February 20 to sell their shares to Paramount. AP News reports the offer price holds steady at $30 per share in cash. The total enterprise value of this bid hits over $108 billion when including debt.
That figure still tops the Netflix deal, which sits around $27.75 per share. Paramount says only 168.5 million Warner shares have been tendered so far.
That’s still far below the 50% threshold needed to effectively gain control. Warner’s management has firmly rejected the scheme offered by Paramount.
In an official statement, the board made it clear they prefer the merger agreement with Netflix. Tensions are heating up as Paramount kicks off a proxy fight to shake up Warner’s board.
This move comes as Paramount claims the current leadership hasn't been transparent with shareholders. The main difference comes down to the future of the company’s assets.
Netflix is only after the studio and streaming business, while Paramount wants the entire company.
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Reference:
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AP News, Paramount extends its deadline for its Warner Bros. tender offer, again. Diakses pada 22 Januari 2026
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