This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
WBD Rejects Paramount’s Revised Offer But Keeps Talks Open
February 19, 2026
Warner Bros. Discovery (WBD) rejected Paramount Skydance’s $30/share hostile takeover bid. However, it granted the rival studio seven days (until February 23) to submit a “best and final” offer that could beat its existing agreement to sell its studio and streaming businesses to Netflix. Paramount has informally suggested a price above $31/share, though WBD signaled it still prefers the Netflix transaction. WBD’s board said Paramount’s proposal is not currently superior to the Netflix merger and reiterated its commitment to the Netflix deal, under which shareholders will vote on March 20. Netflix is also allowed to match any competing offer. The Netflix agreement values the studio and streaming operations at about $82.7bn, while Paramount’s full-company takeover proposal totals about $108.4bn. Paramount plans to continue its tender offer, oppose the Netflix merger, and nominate directors to WBD’s board. Despite recent sweeteners by Paramount, WBD is said to have indicated concern about financing certainty, including debt funding risks and equity backing tied to Larry Ellison. Activist investors and some shareholders support further negotiations, but analysts see a switch away from Netflix as unlikely unless Paramount substantially improves its offer. Regulatory scrutiny is expected regardless of the eventual buyer.
Paramount’s bonds traded stable with its 5.9% 2040s at 85.3, yielding 7.58%. WBD’s 4.279% 2032s also traded stable at 90.3, yielding 6.2%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Sinopec Returns to the Dollar Bond Market for a Second Time in 2017
September 13, 2017
S&P Upgrades Yanlord by One Notch to ‘BB’
March 16, 2018
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.