WBD board says $31-per-share offer constitutes ‘company superior proposal’, triggering Netflix’s window to respond

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 “company superior proposal” compared with Netflix’s $82.7bn deal – triggering Netflix’s window to respond.

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