Warner Bros. Discovery said it will engage with Paramount Skydance to assess if its latest offer is superior to Netflix's $83 billion bid.
In December, Netflix announced a $72 billion deal to acquire Warner Bros. Discovery’s film studio, along with HBO and the HBO Max streaming service.
Paramount has officially raised its offer for Warner Bros. Discovery, CNN’s parent company, to $31 per share, and now the WBD board says it is extending the window for talks with Paramount about a ...
Warner Bros. Discovery said Paramount’s new offer of $31 a share could lead to a “superior proposal” to the deal it signed with Netflix.
If WBD deems the new Paramount offer superior, Netflix will have four days to improve its previously agreed-upon bid.
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Paramount Skydance CEO David Ellison is once again putting full confidence behind his company’s hostile takeover bid to buy Warner Bros. Discovery by sweetening the deal with what he calls “additional ...