WBD: Paramount’s higher bid could be superior to Netflix’s in Warner Bros. Discovery deal
Summary
Paramount raised its Warner Bros. Discovery bid to $31 per share, with WBD noting Paramount’s offer could become a superior proposal to Netflix’s bid. The deal includes a $7 billion termination fee and a daily carry fee if closing is delayed, while Netflix has offered $27.75 per share for part of WBD’s assets. WBD’s board has to decide whether Paramount’s bid is superior, and Netflix would have four days to respond if a superior proposal is found.