Paramount Skydance continued pushing its $77.9 billion bid for Warner Bros. Discovery Thursday, a day after Warner said it plans to stick to its existing deal with Netflix.
“Paramount’s offer is superior to WBD’s existing agreement with Netflix and represents the best path forward for WBD shareholders,” Paramount said in a letter to shareholders.
Warner on Wednesday had told its shareholders in a public letter that Paramount’s latest offer for the entire company wasn’t superior, “or even comparable,” to the $72 billion Netflix deal for its movie and TV studios and the HBO Max streaming service.
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