Paramount Skydance CEO David Ellison is apparently still hopeful that investors will approve his $108.4 billion hostile takeover of Warner Bros. Discovery. Paramount Skydance announced Thursday that it’s extending its all-cash offer to acquire the storied studio, and giving investors until February 20, 2026 to accept. The company’s previous offer expired on January 21, but with a lawsuit in the works and a revised Netflix deal to compete with, Paramount Skydance wants to stay in the conversation.
Netflix and Warner Bros. Discovery originally announced their $82.7 billion acquisition agreement in December 2025. Netflix’s deal is for a significant portion, but notably not all, of Warner Bros. Discovery as it exists
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