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The Warner Bros. board is considering Paramount's new takeover bid and is urging shareholders not to take any action
Warner Bros. Discovery is considering a new acquisition offer from Paramount Skydance Corp. The parent company of HBO and CNN said in a statement that its board will evaluate the latest offer and respond accordingly. Warner Bros. did not specify the exact terms of the new offer, but according to a Bloomberg report on Monday, the offer exceeds Paramount’s previous proposal of $30 per share. Under the terms of the merger agreement, if Warner Bros.’ board deems Paramount’s new offer superior to the Netflix bid it has already accepted, Netflix will have four days to submit a new counteroffer.
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