- Paramount Skydance (PSKY) is expected to likely offer Warner Bros. Discovery $32 per share to buy the HBO parent, according to a report by Variety on Monday.
- Paramount’s seven-day deadline for a “best and final” offer for Warner Bros. expires at 11:59 p.m. ET on Feb. 23.
- Netflix (NFLX) co-CEO Ted Sarandos, in an interview with Variety’s Cynthia Littleton on Friday, did not say how the company would respond to a higher offer from Paramount.
- However, Sarandos did say that Netflix has a “rich history” of being “willing to walk away and let someone else overpay for things.”
Developing story. . .