Warner Bros. Discovery may upend Netflix deal after getting revised bid from David Ellison's Paramount

Warner Bros. Discovery said Tuesday that it will consider a revised offer by Paramount Skydance to upend its nearly sealed Netflix deal after the hostile bidder upped its $78 billion offer by another $2.6 billion.The real reason for the company’s softening position to the offer by Paramount Skydance appears to have little to do with money and more with the uncertain regulatory environment faced by Netflix, On The Money has learned.WBD investors must ultimately approve any transaction and they are growing in ...