Warner Bros Discovery opened its doors this Tuesday (24) to Paramount Skydance after the company led by David Ellison increased its offer for the group to US$31 per share.
Netflix, which previously made one, and Warner Bros. Discovery’s HBO streaming service, have four days to match the new terms if Warner Bros. determines that Paramount’s new offer is superior.
Paramount made the move after a week of negotiations between the companies to address the Warner board’s concerns with , which were rejected in favor of the Netflix deal. The streaming giant offered $27.75 per share, or $82.7 billion, for Warner’s studios and streaming assets.
Warner’s board said it has not yet determined whether Paramount’s revised proposal is superior to the Netflix merger, but that directors will continue to discuss the matter.
Netflix did not immediately respond to a request for comment.
