# streaming consolidation

Warner Bros. Discovery Weighs Reopening Talks After Paramount’s Sharpened Hostile Bid

Paramount, with Skydance, has submitted a revised hostile offer to Warner Bros. Discovery offering to pay a $2.8 billion breakup fee, backstop debt refinancing and compensate shareholders if the deal misses a December 31 close. Warner Bros. Discovery’s board is debating whether those concessions create a viable route to a superior transaction despite an existing binding agreement with Netflix, raising the prospect of a renewed bidding war and fresh regulatory scrutiny.