Warner Bros. Discovery reviewing sweetened bid from Paramount Skydance
CBSN
Warner Bros. Discovery on Tuesday said it is reviewing an enhanced bid for the entertainment and media company from Paramount Skydance. Terms of the offer were not disclosed. Edited by Alain Sherter In:
Warner Bros. Discovery on Tuesday said it is reviewing an enhanced bid for the entertainment and media company from Paramount Skydance. Terms of the offer were not disclosed.
Paramount Skydance is seeking to outmaneuver Netflix and secure a deal to buy the owner of HBO, CNN and the "Harry Potter" franchise.
The sweetened bid comes a week after Warner Bros. Discovery said it would resume talks with Paramount Skydance, the owner of CBS News, to discuss its previous $30 per share bid.
In its statement on Tuesday, Warner Bros. Discovery said its merger agreement with Netflix remains in effect and that its board of directors " continues to recommend" the deal.
Paramount Skydance representatives didn't immediately return a request for comment.
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