Paramount informally broached an even higher share price, $31 a share, Warner Bros said, apparently enticing the board to the table. AdvertisementParamount shares extended gains in premarket trading, rising 4.2%, while Warner Bros was up nearly 2%. AdvertisementParamount is also pressing to add directors to Warner Bros board, eyeing Pentwater Capital Management CEO Matt Halbower as a potential nominee, Halbower said last week. Pentwater, which owns about 50 million shares of Warner Bros, has backed Paramount’s bid. “Every substantive complaint that the Warner Bros board had with Paramount’s previous offer has been addressed,” Halbower said in an interview last week.

Source: Huffington Post February 17, 2026 15:03 UTC