"The WBD board announced on Thursday afternoon that it believes Paramount's offer to buy the entire company for $31 per share is better than Netflix's proposal to buy its studio and HBO assets for $27.75 per share."
Warner Bros. Discovery's board announced that Paramount's acquisition proposal represents a better offer than Netflix's competing bid. Paramount is offering to purchase the entire company at $31 per share, while Netflix proposed acquiring only the studio and HBO assets at $27.75 per share. The board's endorsement of Paramount's offer suggests a significant development in the ongoing bidding competition between the two media companies for WBD's assets and operations.
Read at Business Insider
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