Netflix Ready to Match Paramount’s $650M Quarterly Offer for Warner Bros.
Netflix can raise its bid for Warner Bros. Discovery to match Paramount Skydance’s offer including a $650M per-quarter ticking fee after 2026 and a $2.8B breakup fee. Co-CEO Ted Sarandos accused James Cameron of joining Paramount’s disinformation campaign over the takeover ahead of a March 20 shareholder vote.
1. Intensifying Takeover Bids
Netflix retains the right to match Paramount Skydance’s increased proposal for Warner Bros. Discovery, which includes a $650M per-quarter ticking fee post-2026 and covers Netflix’s existing $2.8B breakup fee, as Warner seeks bids above $31 per share.
2. Co-CEO’s Public Rebuttal
Co-CEO Ted Sarandos accused James Cameron of participating in Paramount’s ‘disinformation campaign’ criticizing Netflix’s bid, signaling aggressive defense of the streaming company’s offer.
3. Upcoming Shareholder Vote
A vote by Warner Bros. Discovery shareholders is scheduled for March 20, laying out the next pivotal step that could finalize either Netflix’s or Paramount’s proposal.