Paramount RAISES Warner Bros Offer! Could Netflix WALK AWAY? Stock Down 37% Amid DOJ Heat

TL;DR

Paramount is raising its Warner Bros bid to ~$32/share while Netflix signals it will walk away rather than overpay.

Key Points

• 1.Paramount/Skydance expected to raise its offer from $30 to ~$32 per share before a February 23rd deadline, marking its 10th attempt after 9 prior rejections.
• 2.Warner Bros Discovery stock surged 140% in 6 months — from ~$12 to $28/share — with CEO David Zaslav deliberately engineering a bidding war to maximize shareholder returns.
• 3.Netflix co-CEO Ted Sarandos stated he's "willing to walk away and let someone else overpay," citing DOJ antitrust scrutiny and Netflix's own stock dropping 37% over six months amid the saga.
• 4.Netflix's lower offer of $27.75/share included spinning off cable assets (valued at ~$6/share separately), while Paramount's $32 offer covers CNN and the full cable slate in one deal.
• 5.The host theorizes Sarandos and Zaslav — known friends — may have coordinated Netflix's late entry into bidding purely to inflate the price and squeeze more money out of David Ellison.