Jan. 8 (UPI) -- Officials for the Paramount Skydance Corp. said Thursday their offer of $30 per share to buy Warner Bros. Discovery is "superior" to a competing offer from Netflix.
The Paramount officials made the claim in response to a formal rejection of its offer by WBD officials earlier this week.
"Paramount's offer is superior to WBD's existing agreement with Netflix and represents the best path forward for WBD shareholders," Paramount said in a news release.
"Netflix's transaction, on the other hand, contains multiple uncertain components and has already decreased in total value," Paramount said.
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