Paramount raises bid for Warner Bros in escalating battle with Netflix bidder
Paramount raises its bid to $31 per share in a renewed takeover offer for Warner Bros. Discovery, amid increasing competition from Netflix for control of the storied studio.
Paramount submits a new offer for Warner Bros in fight with Netflix for storied studio at $31 per share, potentially sparking a fresh bidding war between the two companies over the future of Warner Bros. Discovery. The move raises the stakes in a battle that has been brewing since Netflix expressed interest in acquiring the studio last year. A successful bid from Paramount could further bolster its own streaming service, Paramount+, while Netflix would gain control of popular franchises such as Harry Potter and Batman. The outcome will have significant implications for the entertainment industry.
