Paramount rises after extending deadline on hostile Warner Bros Discovery bid
ReutersJan 22, 2026 5:30 PM
Paramount Skydance PSKY.O shares rise 2.3% to $11.87
PSKY extends deadline on its hostile tender offer for Warner Bros Discovery WBD.O to February 20, giving it more time to persuade investors that its bid trumps a rival offer from Netflix NFLX.O
On Tuesday, NFLX converted its nearly $83 billion offer to all-cash in hopes of expediting a deal closure and providing greater financial certainty to investors worried about its previous stock-and-cash offer
PSKY rose ~28% in 2025
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