Warner Bros Discovery weighs new sale talks after fresh Paramount offer
by Mark Sweney from World news | The Guardian on (#73KN8)
Board considering whether to re-engage in move that could prompt a second bidding war with Netflix
Warner Bros Discovery (WBD) is reportedly weighing reopening sales talks with Paramount Skydance, in a move that could spark a fresh bidding war with Netflix for the Hollywood film and TV company.
Members of the board of WBD are discussing whether to re-engage with Paramount, which is pursuing a hostile $108.4bn (76.8bn) cash takeover directly with shareholders in a bid to derail an agreed deal with Netflix, according to Bloomberg.
Continue reading...