Netflix has made a $82.7 billion all-cash offer of $27.75 per share for Warner Bros Discovery, gaining unanimous board support amidst competition from Paramount Skydance. The move aims to expedite shareholder voting by April and provide financial certainty, as Warner Bros prefers Netflix’s offer over Paramount’s $30 per share bid. Paramount has struggled to convince shareholders of its superiority, while analysts suggest the bidding war may continue. Warner Bros has also dismissed Paramount’s claims regarding the value of its cable assets, emphasizing the risks associated with their bid.
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