WB board officially recommends Netflix deal but asks Paramount to increase price.

Warner Bros. board members are weighing whether Paramount's sweetened bid may result in a better deal or prompt Netflix to up its offer, Bloomberg reports.

Board considering whether to re-engage in move that could prompt a second bidding war with Netflix

"We continue to recommend and remain fully committed to our transaction with Netflix," Warner Bros Chairman Samuel DiPiazza Jr. and CEO David Zaslav said.

Waiver from Netflix allows film company to engage with rival bidder if it could lead to a ‘reasonably superior offer’

WB board officially recommends Netflix deal but asks Paramount to increase price.

The Warner Bros Discovery board says it remains committed to the Netflix deal.