Netflix given four days to match ‘superior' Paramount offer for Warner Bros Discovery

Netflix has been given four days to beat a sweetened offer by Paramount Skydance for the assets of Warner Bros Discovery in the latest twist in the battle for control of the media giant.In an announcement on Thursday afternoon, WBD said that its board had determined Paramount’s revised offer to be a “company superior proposal” compared to Netflix’s $82.7bn deal – triggering Netflix’s window to respond.In its revised offer, Paramount offered $31 per share for the company, up from $30, a $7bn regulatory termi ...