Paramount wants to acquire Warner Bros. in its entirety — including networks like CNN and Discovery. Netflix only wants to buy its studio and streaming business.
NEW YORK — Warner Bros. Discovery said that Paramount has raised the price of its takeover offer to $31 per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant.
The company previously offered $30 per share when it first went directly to Warner stakeholders with its all-cash, hostile bid in December — just days after Warner struck a deal to sell its studio and streaming business to Netflix for $27.75 per
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