If WBD deems the new Paramount offer superior, Netflix will have four days to improve its previously agreed-upon bid.
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Warner Bros. Discovery
on Tuesday said it had received a higher takeover offer from Paramount Skydance
and will review the new bid under the terms of its existing deal with Netflix
Last week, WBD announced it would re-engage Paramount in deal talks under a seven-day waiver from Netflix. WBD and Netflix have an agreement to sell the legacy media group’s studio and streaming businesses to the streamer. Paramount is seeking to buy the entirety of WBD.
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Warner Bros. Discovery Deems Paramount's Takeover Bid Superior To Netflix Deal
Paramount raises purchase bid to $31 per share, Warner Bros. Discoveryt board to consider - UPI.com
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Warner Bros opens door to Paramount as bidding war continues to heat up
Paramount Skydance reportedly increases bid for Warner Bros Discovery
Netflix given four days to match ‘superior’ Paramount offer for Warner Bros Discovery
Netflix walks away from Warner Bros deal, clearing the path for Paramount
Netflix ends bid for Warner Bros. after Paramount offered $111B - UPI.com
