On February 17, 2026, Warner Bros. Discovery board of directors assessed Paramount Skydance’s proposal to acquire 100% of the company’s equity as being on terms far more favorable than Netflix’s existing offer. Netflix had previously agreed to a merger valued at $27.75 per share—$82.7 billion in total—targeting only the studio and streaming assets.

The Winning Offer

By contrast, Paramount Skydance presented a new proposal on February 14, 2026, offering $31 per share—$110.9 billion in total—for all assets, including broadcast networks such as CNN. Under Warner Bros. Discovery’s formal notice, Netflix was granted a four-day priority period to respond and negotiate; however, on February 26, 2026, Netflix confirmed that it would not submit a revised offer.

My Role in the Winning Bid for Team DAVID; I am happy to report my alliance with David Ellison has been VICTORIOUS for the Billion Dollar Cash Offer for Discovery Channel from Warner Brothers Board of Directors. David did not need me in this transaction. However I offered some strategic political guidance to him on the Political and Market Chessboard to dominate a weak Netflix strategy. Resulting in a obvious Victory for CEO David Ellison’s TEAM SKYDANCE PARAMOUNT!

The Key details of David’s Winning Bid forcing Netflix to backdown are as follows;

As of February 27, 2026, Paramount Skydance has agreed to acquire Warner Bros. Discovery in a massive $110 billion deal, creating a combined media giant. The agreement, which follows a long bidding war and Netflix’s withdrawal, brings together major film libraries, streaming services (Paramount+ and Max), and television networks. Variety +3

Key Details of the Acquisition (as of Feb 27, 2026):

Previous Negotiations have been ongoing and stalled at times. Warner Brothers has allowed Key Details to reveal they are on the seller side of the table and not in a positon to negotiate with a strong Buyer; TEAM DAVID ELLISON.

The current details are as follows of the Acquistion.

• Deal Structure: Paramount will acquire WBD for $31.00 per share in a cash deal, with a $7 billion regulatory termination fee.
• Financing: The Ellison Trust is providing $45.7 billion in equity, with an additional $57.5 billion debt commitment from Bank of America Merrill Lynch, Citi, and Apollo.
• Impact: The merger consolidates two of Hollywood’s “Big Five” studios into one, significantly altering the landscape of entertainment, news, and streaming.
• Regulatory Scrutiny: The deal is expected to face intense antitrust review, with the California Attorney General’s office signaling a potential challenge to block the merger. PR Newswire +3

The deal is expected to close by the end of 2026, pending regulatory approval.

This is a ongoing situation and will see new developments and I will keep you the reader updated as the Story Evolves.

Jameson Sharp Chairman of WAR INC.