Paramount is expected to raise its Warner Bros. offer to $32 per share
Paramount’s seven-day window to talk to Warner Bros. Discovery about its best and final offer is set to end at 11:59 p.m. ET on Monday, and the company is expected to finally raise the per-share dollar amount of its bid.
According to reporting by Variety, Paramount’s revised offer is likely to arrive at $32 per share for the HBO and CNN parent.
Paramount’s last major revision to its offer came earlier this month, when it said it would cover the $2.8 billion breakup fee that WBD would owe Netflix in the event of that deal falling apart, and would pay shareholders a “ticking fee” of $0.25 per share for every quarter the deal hasn’t closed after the end of 2026.
Netflix’s next move will be determined by the response of Warner Bros.’ board. Per reporting by Reuters, the streamer has ample cash to increase its own offer for its streaming rival. Analysts at MoffettNathanson Research last week said they expect Netflix to walk away from Warner Bros. if Paramount’s bid comes in “well beyond” $32.
As of Monday at 9 a.m. ET, prediction markets speculating on which company will ultimately come out on top of the bidding war have Netflix at a 46% chance over Paramount’s 43% odds.
Also potentially affecting prediction markets is a Truth Social post by President Trump on Sunday, in which Trump wrote that Netflix must fire board member Susan Rice immediately or "pay the consequences."
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
Paramount’s last major revision to its offer came earlier this month, when it said it would cover the $2.8 billion breakup fee that WBD would owe Netflix in the event of that deal falling apart, and would pay shareholders a “ticking fee” of $0.25 per share for every quarter the deal hasn’t closed after the end of 2026.
Netflix’s next move will be determined by the response of Warner Bros.’ board. Per reporting by Reuters, the streamer has ample cash to increase its own offer for its streaming rival. Analysts at MoffettNathanson Research last week said they expect Netflix to walk away from Warner Bros. if Paramount’s bid comes in “well beyond” $32.
As of Monday at 9 a.m. ET, prediction markets speculating on which company will ultimately come out on top of the bidding war have Netflix at a 46% chance over Paramount’s 43% odds.
Also potentially affecting prediction markets is a Truth Social post by President Trump on Sunday, in which Trump wrote that Netflix must fire board member Susan Rice immediately or "pay the consequences."
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
