Warner Bros. Discovery, Inc. (WBD) said Tuesday it has received a revised acquisition proposal from Paramount Skydance Corporation, and that its board is reviewing the offer with financial and legal advisors.
The company said the updated proposal followed discussions between the parties during a seven-day limited waiver period. Warner Bros. Discovery added that its previously announced merger agreement with Netflix, Inc. remains in effect, and the board continues to recommend in favour of the transaction. Shareholders were advised not to take any action at this time regarding the amended Paramount Skydance tender offer. Allen & Company, JPMorgan Chase & Co. and Evercore Inc. are serving as financial advisors to Warner Bros.
WBD shares closed at $28.92, up 0.59% on Monday.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.