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Warner Bros opens door to Paramount as bidding war continues to heat up
Warner Bros said Paramount's revised offer includes a purchase price of $31.00 per share in cash, a one-dollar-per-share increase from its earlier offer, which was valued at around $108 billion. Additionally, Paramount has offered to cover the $2.8 billion termination fee Warner Bros would owe Netflix if it walked away from their deal.
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theguardian.com
Paramount Skydance reportedly increases bid for Warner Bros Discovery
Details of offer not immediately available as Paramount looks to beat rival Netflix for control of Warner Bros
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cnbc.com
Warner Bros. Discovery says Paramount makes higher bid, board will weigh offer against Netflix deal
If WBD deems the new Paramount offer superior, Netflix will have four days to improve its previously agreed-upon bid.
