Paramount Is Expected to Raise Price of Warner Bros. Discovery Bid. Will Netflix Walk Away?
Briana Lupea
David Ellison’s Paramount Skydance has a Monday deadline to submit its best and final offer for Warner Bros. Discovery — and Paramount is expected to come back with an offer above its previous $30/share bid for WBD, angling to outflank Netflix to win the deal. The board of Warner Bros. Discovery, with the permission of Netflix, opened a seven-day window to talk with Paramount about an improved offer. That discussion period ends at 11:59 p.m. ET on Feb. 23, coming after teams from both companies
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