Warner Bros Discovery Board Calls Paramount’s Proposal “Superior”, Gives Netflix Four Days To Up Its Bid
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Warner Bros. Discovery’s board of directors is opening the door to a bidding war between Paramount and Netflix. The board has officially labeled Paramount’s latest $31-per-share offer a “company superior proposal,” a term with specific procedural meaning in the context of corporate mergers. While the description does not mean that the board has withdrawn its […]