WBD Shocker! Says Paramount Sweeter Offer Might Lead To Better Deal Than Netflix, Will Continue Talks With David Ellison Company

Big news. The ground has shifted as Warner Bros. Discovery said its board determined tha a new proposal from Paramount could reasonably be expected to lead to a so-called "Company Superior Proposal" as defined in WBD's merger agreement with Netflix and that it will continue talks with the David Ellison company.

WBD says Paramount’s new higher offer could be “superior” to Netflix’s

Paramount Skydance increased its bid for Warner Bros. Discovery (WBD) from $30 per share to $31 per share, WBD said today. Amid a competing offer from Netflix for WBD’s movie studios and streaming businesses, WBD said that Paramount’s new bid “could reasonably be expected to lead to a ‘Company Superior Proposal.’”

Ted Sarandos Says James Cameron’s Disapproval Of Netflix-Warner Deal Is “Quite Confusing” & Paramount Offer Will Shrink Film Biz

Ted Sarandos has pushed back again on comments by James Cameron that Netflix’s planned acquisition of Warner Brothers Discovery would be “disastrous for the theatrical motion picture business”,