Warner Bros. Discovery Declares New Paramount Bid a ‘Superior Proposal’; Netflix Has Four Business Days to Match

The board of Warner Bros. Discovery said Thursday it has determined that the latest offer from Paramount Skydance is a “superior proposal” to its existing merger pact with Netflix. The move sets off a four-day clock for Netflix to make a counteroffer to the nearly $83 billion deal that it reached with WBD in early […]