Paramount May Offer Even More Money For Warner Bros. Discovery

According to Variety, Paramount’s deadline to submit its final bid for Warner Bros. will occur at tonight at 11:59 PM ET. It’s expected that Paramount’s bid will come in around $32 per share of WBD stock, although at least one analyst believes it could go as high as $34 per share.

If that happens, Netflix has the right to match or exceed any offer made by Paramount. The question is whether Netflix wants to get in a protracted bidding war for WBD or if it’s willing to walk away. If talks between WBD and Netflix collapse, the former will be on the line for a $2.8 billion breakup fee. However, Paramount has offered to cover that cost if its negotiations with WBD pan out.

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