Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says (February 23)
Yahoo Finance·2026-02-23 21:54

(Corrects paragraph 14 of February 23 story to say activist investor's name is Ancora Holdings, not Ancora Capital) By Dawn Chmielewski Feb 23 (Reuters) - Paramount Skydance submitted a higher offer for Warner Bros Discovery, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix. The bidding war for one of ‌Hollywood's most coveted assets, including the "Harry Potter" and "Game of Thrones" franchises, has raised the stakes for do ...

Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says (February 23) - Reportify