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Leo Miller

After PSKY's $31 Bid, Could Netlfix Exit the WBD Bidding War?

WBD Netflix Paramount PSKY Warner Bros Larry Ellison MarketBeat Nasdaq NFLX

The Warner Bros. Discovery (NASDAQ: WBD) acquisition saga took another dramatic turn that the company itself may not have seen coming. After Netflix (NASDAQ: NFLX) agreed to a seven-day waiver period, which accelerated Paramount Skydance’s (NASDAQ: PSKY) bidding process, PSKY has upped its offer. And, for the first time, Warner Bros. is indicating that Paramount’s bid could win out.

Paramount Sweetens the Pot With $31 Bid, Stronger Equity Backing

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