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Warner Bros. Discovery's board still sees its deal with Netflix as the superior option over Paramount's recently amended hostile offer.

The Warner Bros board said it remained unanimous in recommending the deal with Netflix instead.

Warner continues to stick with Netflix, the shock winner that emerged in early December from the auction begun by Paramount.

The board of directors at Warner Bros. Discovery announced Wednesday that it unanimously urges shareholders to reject the bid by Paramount Skydance.

Officials for Paramount Skydance said their offer of $30 per share to buy Warner Bros. Discovery is "superior" to a competing offer from Netflix.

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