Warner Bros Opens Paramount Talks After Revised $31 Per Share Bid

Warner Bros. Discovery opened formal negotiations with Paramount Skydance after receiving a revised $31.00 per share cash bid that challenges its $83 billion agreement with Netflix.The Paramount offer includes a $7 billion regulatory termination fee and coverage of a $2.8 billion penalty, while the Netflix bid focuses on specific studio assets.Following criticism from Donald Trump, the DOJ and EU authorities are reviewing the proposals ahead of a shareholder vote on March 20.