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Paramount Raises Bid for Warner Bros.
Paramount raised its bid for Warner Bros. Discovery to $31 per share.
David Ellison's media company is racing to buy the company. Netflix allowed Warner Bros.
Discovery to reopen talks with Paramount. Warner Bros.
Discovery said Paramount's new bid could be better than Netflix's deal. The two companies are now competing to buy Warner Bros. Discovery.
Klear Note — Warner Bros. Discovery is a major entertainment company. When companies bid to buy other companies, higher bids often win the deal.
Key Terms 3
- Paramount
- A major media company trying to buy Warner Bros. Discovery
- David Ellison
- The leader of Paramount's parent company Skydance
- Warner Bros. Discovery
- A large entertainment company that both Netflix and Paramount want to buy