Paramount Raises Bid to Buy Warner Bros. Discovery

Ellison’s tenth bid for the entire company comes after the Warner Bros. board and Netflix agreed to reopen talks with Paramount for seven days to give them the opportunity to discuss unresolved deficiencies and clarify certain terms in its latest amended $30 per share offer.

Wbd said that a senior representative from Paramount previously informed the board that it would be willing to raise its bid to $31 per share just to reopen talks, but noted that the increase wasn’t its “best and final” offer.

Terms of the latest bid could not immediately be learned,…