NEW YORK (AP) — Warner Bros. Discovery has determined that Paramount’s latest takeover offer is better than the streaming and studio deal it struck with Netflix, marking a stark shift in momentum in the fight for the storied Hollywood giant.
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That could mean the start of a fresh bidding war over Warner. Netflix now has four business days to try and match Paramount’s proposal to further revise its offer — which currently stands at $27.75 per share for Warner’s studio and streaming business.
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