Tuesday, February 17, 2026 at 8:59 PM
The Warner Bros.
Discovery board sets a seven-day window for Paramount to make its “best and final” takeover offer.
Warner didn’t disclose details of the offer, but last week gave the hostile suitor a seven-day window to make its “best and final” appeal.
The situation intensified this week as Paramount CEO David Ellison—and a vocal investor—made new moves to thwart rival Netflix’s planned takeover.
Ancora has built a roughly $200 million stake in Warner Bros. Discovery and favors a deal with David Ellison’s Paramount Skydance.
Latham has been advising Paramount Skydance on its hostile bid for Warner
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