Warner Bros Seeks Paramount's "Best and Final Offer," Upside Ahead?

Shares of entertainment giant Warner Bros. Discovery NASDAQ: WBD are moving up after the latest development in its acquisition saga.

MarketBeat • 7 hours ago

In Warner Merger Battle, Netflix Needs To Take “More Action” To Prove It Loves Movie Theaters, Cinemark CEO Says

Exhibitors are “apprehensive” about “placing too much stock” in Netflix's recent pledges to honor traditional theatrical release windows, Cinemark CEO Sean Gamble said Wednesday. Speaking to Wall Street analysts on the company's fourth-quarter earnings call, Gamble said theater owners have taken “some element of encouragement” from comments by Netflix management about theaters.

Deadline • 4 hours ago

Warner Bros. Investors Want a Netflix, Paramount Bidding War.

Paramount said it was prepared to engage in discussions, but stopped short of mentioning a $31 a share bid.

Barrons • 9 hours ago

Warner Bros gives Paramount seven days to make ‘best and final' offer

Waiver from Netflix allows film company to engage with rival bidder if it could lead to a ‘reasonably superior offer'

The Guardian • Feb 17, 2026

Opinion | The Warner Bros. Fight Isn't Over

Investors start to see past Trump and ask which takeover offer is really better.

WSJ • 21 hours ago

Netflix co-CEO: Paramount has been 'flooding the zone' and confusing Warner Bros. shareholders

Netflix co-CEO Ted Sarandos joins CNBC's Julia Boorstin and 'Closing Bell Overtime' on the heels of news that Netflix allowed Warner Bros. and Paramount to reopen talks about potential acquisition.

CNBC Television • 21 hours ago

Netflix grants Warner Bros. Discovery 7-day waiver to hold deal talks with Paramount Skydance

Netflix has granted Warner Bros. Discovery a 7-day waiver to reopen deal talks with Paramount Skydance.

CNBC • Feb 17, 2026

Netflix grants Warner Bros. Discovery 7-day waiver to reopen deal talks with Paramount Skydance

CNBC's David Faber joins 'Squawk Box' with the latest news on Warner Bros. Discovery.

CNBC Television • Feb 17, 2026

Warner Bros rejects Paramount's revised offer, but gives studio a week to negotiate better deal

Warner Bros Discovery has rejected Paramount Skydance's latest $30-a-share hostile takeover bid, but is giving the Hollywood studio seven days to see if it can come up with a better deal to buy the owner of HBO Max and the "Harry Potter" franchise, Warner Bros said in a statement.

Reuters • Feb 17, 2026

Warner Bros. CEO David Zaslav's real plan was to let Paramount, Netflix ‘duke it out': sources

Zaslav did that by keeping the lines of communication open with paramount chief David Ellison and his mega billionaire father Larry Ellison, who is bankrolling the company's bid.

New York Post • Feb 17, 2026