WBD said Tuesday that a Paramount representative implied the company was also willing to up its offer to $31 a share if Warner engaged in meaningful deal talks – after previously accusing the company of not giving PSKY a fair chance against Netflix.
In December, Netflix agreed to pay $27.75 a share in cash in a deal worth $72 billion to acquire WBD’s studio and streaming business – potentially creating a Hollywood mammoth that owns everything from “Stranger Things” to the “Harry Potter” franchise.