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WBD Takeover: Paramount’s Extended Hostile Tender (Part V)

Paramount extended its $108 billion hostile tender offer deadline for WBD to February 20, 2026 – roughly one month longer after the initial January 21 cutoff lapsed with insufficient tenders (~42 million shares). This was paired with preliminary proxy materials to solicit shareholders votes against Netflix deal approval at the March 20 special meeting, plus a planned director slate for the annual meeting.

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About Diverge Digital

Diverge Legal supports creators, founders, digital brands, and tech-forward businesses with practical advice on contracts, IP, business setup, brand deals, and strategic commercial issues. This blog extends that same approach: clear, current, and grounded in the realities of building online.

Whether you are reviewing a sponsorship agreement, protecting a trademark, navigating AI-related risk, or growing a business online, our goal is to help you spot issues early and approach decisions more strategically.

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