Paramount Skydance Increases Bid for Warner Bros. Discovery Group

Paramount Skydance submitted an improved higher bid for Warner Bros. Discovery after a crucial deadline expired.This move follows an earlier $30 per share offer aimed at swaying shareholders away from a $27.75 per share deal previously accepted from Netflix.Warner Bros. Discovery shares rose during the bidding war for the media giant, which owns assets including HBO, CNN, and its film studio.