Paramount lifts bid for Warner Bros Discovery as it attempts to thwart Netflix deal

Paramount wants to buy Warner Bros Discovery. Photo: Getty

Aditya Soni and Harshita Mary Varghese

Reuters

Warner Bros Discovery said yesterday it was considering a new bid from Paramount Skydance, without disclosing the value of the deal, as the CBS owner made a last-ditch effort to thwart ­Netflix in its attempts to buy the coveted ­Hollywood studio.

The latest offer is higher than Paramount’s previous bid of $30 (€25.45) a share in cash, or $108.4bn including debt, for the whole of Warner Bros, a source familiar with the matter told Reuters on Monday.

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