Paramount Skydance has upped its bid to buy Warner Bros. Discovery, escalating the ongoing battle for control of one of Hollywood’s most famous studios, according to sources familiar with the matter.
The new offer improves on Paramount’s earlier $30-a-share all-cash proposal made directly to Warner Bros. shareholders in December, and it addresses some of the concerns Warner Bros. had with previous bids, including financing certainty. The sources spoke on condition of anonymity because the details are not public.
In December, Warner Bros. had agreed to sell its film and TV studios and HBO business to Netflix for $27.75 a share. That deal would also spin off cable networks like celebrity.land and TNT.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source m.imdb.com ’
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