January 23, 2026 9:10 AM
Paramount extends deadline on hostile Warner Bros bid to February 20
Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery by about a month to February 20, buying more time to persuade investors that its bid for the Hollywood studio trumps a rival deal with Netflix. The company did not raise its bid on Thursday. Only about 168.5 million Warner Bros shares, representing 6.8% of the company's outstanding stock, had been tendered by the offer's original January 21 deadline. A successful deal will change the land...