Paramount Raises Warner Bros. Bid to $31 to Outmaneuver Netflix

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Paramount increased its takeover bid for Warner Bros. Discovery to $31 per share in an effort to outmaneuver a rival proposal from Netflix.Led by David Ellison, the revised offer includes a $7 billion termination fee and covers the entire company including CNN and HBO.Ted Sarandos and Netflix are targeting only studio and streaming assets while the DOJ monitors potential industry consolidation.The board is evaluating the proposal after Donald Trump expressed mixed sentiments regarding the deal which could reshape global media.
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