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Update: Shortly after this story was published, Netflix announced that it would not raise its bid for WBD.Paramount Skydance may finally have the upper hand on Netflix in the bidding war for Warner Bros. Discovery.The WBD board announced on Thursday afternoon that it believes Paramount’s improved offer to buy the…
Netflix just said it wouldn’t raise its bid for Warner Bros.The decision comes two days after Paramount increased its offer from a hostile $30-per-share bid to $31 per share for all of Warner Bros. Discovery, including its cable networks like CNN and HGTV.”The transaction we negotiated would have created shareholder…
