00:00Paramount Global has increased its offer for Warner Bros. Discovery to $31 per share and pledged a $7 billion regulatory
00:09termination fee, prompting Warner Bros. Discovery's board to extend talks over a potential deal.
00:16The revised bid tops Paramount's prior $30 per share proposal and is being reviewed as a possible superior proposal under
00:26WBD's existing merger agreement with Netflix.
00:29While discussions continue, Warner Bros. Discovery emphasized that its agreement with Netflix remains in place and that Netflix will have
00:37four days to counter if the board formally deems Paramount's bid superior.
00:42Analysts expect Netflix to match or improve its all-cash offer, setting up a high-stakes bidding battle for control
00:49of Warner Bros. and HBO.
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