Warner Bros. Discovery (WBD)is reportedly considering reopening sale talks with rival Hollywood studioParamount Skydance (PSKY) after receiving its hostile suitor’s most recent amended offer.
Members of the Warner Bros. board are discussing whether Paramount (PSKY) could offer a path to a superior deal, a move that may ignite a second bidding war withNetflix (NFLX), Bloomberg News reported, citing people with knowledge of the matter.
The board hasn’t decided how to respond and still has a binding agreement with Netflix, said the people, who asked not to be identified discussing nonpublic information.
Paramount Skydance (PSKY) earlier this month sweetened its takeover offer for Warner Bros. Discovery (WBD) with a “ticking fee” of up to $650M payable each quarter after 2026 if the regulatory approvals for the $108B deal are delayed.
