Paramount raises bid for Warner Bros in attempt to block Netflix takeover

Paramount previously offered $30 per share in its bid for Warner Bros - Mike Blake/Reuters Warner Bros has confirmed it has received an increased takeover bid from Larry Ellison’s Paramount, but suggested it was still in favour of a rival $83bn deal with Netflix. The Hollywood studio said it was reviewing a revised offer from Paramount on Monday and would update shareholders once the review is complete. But the company added: “The Netflix merger agreement remains in effect, and the board continues to r ...