Warner Bros. rejects Paramount again but asks for “best and final offer”

Officially, Warner Bros. is still committed to Netflix. The company today scheduled a special meeting date of March 20 and recommended that shareholders vote for the Netflix merger. But Warner Bros. is simultaneously opening negotiations with Paramount despite calling all of its previous offers deficient.

Netflix Blasts ‘Ongoing Distraction’ From Paramount as Warner Bros. Asks for David Ellison’s ‘Best and Final’ Offer

The streamer said that its $83 billion deal is "the only certain path to delivering value to WBD’s stockholders".
The Movie Blog

Netflix CEO Blasts Paramount for Confusing Shareholders in Deal

Netflix announced a plan to buy Warner Bros Discovery assets for $82.7 billion. The offer values the studios and streaming unit at $30 per share. Paramount has

Netflix Co-CEO Ted Sarandos Accuses Paramount of 'Flooding the Zone' to Confuse Shareholders

Netflix co-CEO Ted Sarandos came out swinging after the streamer and Warner Bros. Discovery gave Paramount until Feb. 23 to submit a "best and final offer," accusing David Ellison & Co. of "flooding the zone with confusion for shareholders.

Netflix amends Warner Bros. Discovery offer to all cash

Netflix now plans to pay $27.75 per WBD share entirely in cash to acquire WBD's streaming platform HBO Max and the Warner Bros. film studio. The two companies initially reached a deal in December, composed of a combination of cash and stock at an equity value of $72 billion.