Paramount extends deadline for Warner Bros. offer, which company calls 'inferior scheme' amid Netflix deal

Paramount Skydance (PSKY) extended the deadline for its bid to acquire Warners Bros. Discovery (WBD) on Thursday, while Warner Bros. continued to recommend shareholders vote for its deal to be bought by Netflix (NFLX) as the Hollywood studio drama continues to rock the media world. Early Thursday, Paramount said in a new proxy filing that its all-cash, $30 per share offer to acquire all of WBD would be extended to Feb. 20; the initial bid was set to expire on Jan. 21. Earlier this week, Netflix announced ...