Warner Bros. Discovery Reopens Talks with Paramount Amid Netflix Merger Plans

On February 17, 2026, Warner Bros. Discovery reopened negotiations with Paramount Skydance regarding a potential acquisition. The company granted Paramount a seven-day window to submit a final acquisition proposal. Despite resuming talks with Paramount, Warner Bros. Discovery continues to support its existing merger agreement with Netflix. These developments are part of an ongoing bidding war involving Warner Bros. Discovery, Paramount Skydance, and Netflix. The discussions and potential deals are taking place within the United States. No further details on the terms or outcomes of the negotiations have been disclosed.