Paramount's $108B Warner Bros. Discovery Bid Rivals Netflix Deal

Paramount Global raised its takeover bid for Warner Bros. Discovery to $108B, threatening the media company's earlier merger agreement with Netflix.The revised offer of $31 per share includes a $7B termination fee and a commitment to pay the $2.8B breakup fee currently owed to Netflix.While the board reviews the proposal, the DOJ has launched an antitrust investigation to determine if a deal with Netflix would create a monopoly.Netflix CEO Ted Sarandos is scheduled to visit the White House as Donald Trump calls for the removal of Susan Rice from the streaming giant's board.