Up till now, Ted Sarandos-helmed Netflix is said not to be prepared to up its offer, and the deal still relies on the uncertain value of a separate sale of WBD’s cable properties, CNN, TNT and Discovery Inc. PSKY filed a lawsuit in federal court demanding details of the board’s deliberations to conclude recently that it should select Netflix’s proposal to buy WBD’s streaming service and studio as opposed to Paramount’s proposal for the entire company. While the pressure is on Paramount to put up more money– WBD is said to want between $2 and $4 a share more from PSKY to reopen the bidding process – people inside the firm say they are playing a long game since they believe Netflix’s deal still contains too many variables, even now with an all-cash proposal.
Author: Charles Gasparino
Published at: 2026-01-13 23:48:49
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