Paramount Increases Offer for Warner Bros Discovery Assets as Deal Talks Continue

A higher bid for TNT Sports parent company Warner Bros. Discovery is coming from Paramount, but what WBD thinks about it will be the crucial question that will have significant ramifications for both companies. WBD, with Netflixs blessing, gave Paramount a one-week window to submit its best and final offer. That period expires and Paramount, the parent company of CBS Sports, is submitting a bid of about $32 per share, which would elevate beyond Paramounts prior offers of $30 per share that WBD has rejected repeatedly.