Warner Bros. Discovery Says It's Reviewing Paramount's Revised Takeover Offer

Warner Bros. Discovery confirmed today it had a received a revised offer from Paramount and is reviewing it in consultation with our financial and legal advisors. It did not disclose the terms of the new bid. The Pararmout proposal on the table for some time has been for $30 a shares in cash but Paramount has bumped that up. “We will update our shareholders following the Board’s review. The Netflix merger agreement remains in effect, and the Board continues to recommend in favor of the Netflix transaction ...