Warner Bros. Discovery announced Tuesday that Paramount Skydance has raised its purchase offer to $31 per share, which may top Netflix's offer.

Wall Street analysts weigh in on financial firepower, as well as management and investor willingness to boost the price to seal a deal following Paramount's sweetened bid.

Paramount Skydance late Tuesday increased its offer to acquire Warner Bros. Discovery (NASDAQ:WBD) to $31 per share, up from its previous $30-per-share bid. The revised offer represents Paramount’s ...