Warner Bros. Discovery announced Tuesday it will restart talks with Paramount Skydance following the media giant’s revised offer – potentially heating up a bidding war with Netflix once again.
Paramount last week sweetened its $30 per share all-cash offer with an agreement to pay the $2.8 billion termination fee to Netflix, as well as a “ticking fee” for WBD shareholders worth $650 million.
WBD on Tuesday claimed that a Paramount representative said the company was willing to up its offer to $31 a share if Warner engaged in meaningful deal talks – after previously accusing the company of not giving PSKY a fair chance against Netflix.
This story originally appeared on NYPost
