#CNBC Warner Bros. Discovery deems Paramount Skydance offer superior to Netflix

Warner Bros. Discovery deems Paramount Skydance offer superior to Netflix
Warner Bros. Discovery said Thursday it’s valued Paramount Skydance’s latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets.

Netflix will have four business days to make changes to its own proposal, the WBD board said in a statement.

CNBC’s Julia Boorstin reports.

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