Bankers from Paramount Skydance, Comcast, and Netflix improved their offers over the weekend. Warner Bros requested enhanced bids by the December 1 after rejecting an earlier $24 per share offer from Paramount.
The board is exploring strategic options amidst a media industry consolidation trend following the recent Skydance-Paramount merger. Additionally, Warner Bros plans to split into distinct units to better manage its streaming and cable operations.
–Reuters–
