Warner Bros. Discovery Deems Paramount’s $111 Billion Bid ‘Superior’

Warner Bros.’ determination is a new chapter in the bidding war for the studio and now Netflix has four business days to decide whether it wants to counter Paramount’s offer.

By Lauren Hirsch

Warner Bros says Paramount’s hostile bid is ‘superior’ to Netflix offer

Streaming company has four business days to sweeten its proposal to buy the Hollywood studio

Netflix given four days to match ‘superior’ Paramount offer for Warner Bros Discovery

WBD board says $31-per-share offer constitutes ‘company superior proposal’, triggering Netflix’s window to respond Sign up for the Breaking News US email to get newsletter alerts in your inbox Netflix has been given four days to beat a sweetened offer by Paramount Skydance for the assets of Warner Bros Discovery in the latest twist in the battle for control of the media giant. In an announcement on Thursday afternoon, WBD said that its board had determined Paramount’s revised offer to be a ...

By Jeremy Barr in Washington

Warner Bros. Discovery deems Paramount’s bid ‘superior’ — putting Netflix in the hot seat

Netflix now has four days to decide whether to raise its offer or bow out of the bidding for Warner Bros.’ famed studio and its HBO Max streaming business.

By Lukas I. Alpert

Warner Bros. Discovery's board says Paramount's latest offer is better than Netflix's

Aleksander Kalka/NurPhoto via Getty Images; Kristina Bumphrey/Variety via Getty Images Paramount Skydance may finally have the upper hand on Netflix in the bidding war for Warner Bros. Discovery. 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. This story will be updated. Read the original article on Business Insider