Warner Bros. Discovery said Tuesday it has received a revised offer from Paramount to buy its entire company, but didn’t provide details of what the offer included.
Warner said it is reviewing the bid. The board is tasked with determining if it is superior to Netflix’s signed agreement to acquire its prized movie and TV studios and HBO Max streaming service.
Should Warner accept the Paramount offer, Netflix has the right to match it, under the terms of its purchase agreement. Netflix would have a four-day window to make a new offer.
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