Warner Bros (WBD) Stock: Paramount Skydance Raises Bid in Bidding War With Netflix

TLDR Paramount Skydance raised its WBD bid above $30/share, likely exceeding $31 WBD’s board will review the offer but still recommends Netflix’s $27.75 deal If the board favors Paramount’s bid, Netflix has four days to counter Paramount CEO David Ellison has publicly vowed to win the deal A shareholder vote on the Netflix deal is [...]

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