Paramount Boosts Bid for Warner Bros. to $31 Per Share, Could Lead to ‘Superior Proposal’ Over Netflix

The Warner Bros. Discovery board of directors announced Tuesday that a revised bid from Paramount Skydance of $31 per share could “reasonably be expected” to lead to a “superior proposal” in its potential acquisition deal with Netflix. Per a press release issued by the David Zaslav-led company, WBD’s board “has not made a determination” as […]