After 10 tries, David Ellison's Paramount Skydance has finally made a proposal that Warner Bros. Discovery's board is excited about. Paramount is prepared to pay $31 per share for all of WBD, including its TV networks like CNN and TruTV, up from $30 per share in its previous public offers, WBD told shareholders on Tuesday.WBD's board said Tuesday that Paramount's offer "could reasonably be expected" to lead to a superior proposal to Netflix's. However, WBD added that its board had "not made a determination" ...

Group 1 - Paramount Skydance has made a $30 offer for Warner Bros. Discovery (WBD), positioning it as a superior alternative to Netflix's recent agreement to acquire WBD's streaming and studio assets [1] - Paramount argues that Netflix's offer presents inferior and uncertain value for WBD shareholders, along with a complicated regulatory clearance process [2] - Paramount's legal team has indicated that WBD has not maintained a fair transaction process, suggesting a direct appeal to WBD shareholders [3] Group 2 - Warner Bros. Discovery owns significant assets including the Warner Bros. film studio, HBO, HBO Max, and various TV networks such as CNN, TNT, and TruTV [3] - Paramount Skydance controls notable properties including Paramount Pictures, streaming services Paramount+ and Pluto TV, as well as CBS and cable channels like Comedy Central and MTV [4]