Source: The Hill
“Paramount on Tuesday sweetened its offer to acquire Warner Bros. Discovery, as the David Zaslav-led media conglomerate pursues a sale of its entertainment studios and spinoff of its linear television assets. The offer from Paramount, which comes in at $31 per share, is the latest salvo in a hostile bid that seeks to undercut a deal Warner Bros. Discovery struck late last year with Netflix for the streamer to acquire its sprawling movie and TV business …. Warner Bros. Discovery, in a statement on Tuesday, said Paramount’s new offer could reasonably be expected to lead to a ‘Company Superior Proposal,’ a key term that signals company leadership could soon recommend its board support a sale to Paramount.” (02/25/26)
https://thehill.com/homenews/media/5754397-warner-bros-paramount-netflix-deal/