Feb. 25 (UPI) — Warner Bros. Discovery announced Tuesday that Paramount Skydance has raised its purchase offer to $31 per share, which may top Netflix’s offer.
WBD last week said it would reopen talks with Paramount, and Netflix granted a 7-day waiver that ended Monday to allow shareholders a chance to get clarity on the offer. Netflix kept matching rights.
Netflix and Paramount have been trying to buy WBD since October. After a bidding war between Netflix and Paramount, WBD accepted Netflix’s bid on Dec. 5. Soon after, Paramount launched a hostile bid to buy WBD, but the board didn’t budge. Then Paramount announced that Oracle creator Larry…
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