Warner Bros. Discovery Gives Paramount One Week to Present Best and Final Offer

Warner Bros. Discovery has extended an olive branch to rival entertainment giant Paramount, giving it a one-week deadline to present its “best and final” offer in response to the company’s recent acquisition bid rejection. Despite reopening negotiations with the David Ellison-led firm, Warner Bros. Discovery has reaffirmed its commitment to Netflix’s $82.7 billion deal for its entire studio and streaming service portfolio. Paramount’s revised proposal involves a payment of $31 per share, which the company claims is not its most favorable offer, leaving the door open for potential further negotiations within the allotted timeframe.