Paramount Outbids Netflix for Warner Bros. Discovery in $31 Per Share Offer

Paramount Skydance increases its bid for Warner Bros. Discovery, offering $31 per share and covering the $7B regulatory fee. WBD says this could be a 'superior proposal' over Netflix's competing offer.

Paramount Skydance has increased its bid for Warner Bros. Discovery (WBD) from $30 per share to $31 per share, according to WBD's announcement today. This comes as Netflix has also made a competing offer for WBD's movie studios and streaming businesses.

WBD stated that Paramount's new, higher bid

Paramount Ups Bid for Warner Bros. Discovery - Could Outweigh Netflix's Offer

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