Summary: Warner Bros Discovery’s board wants Paramount to increase its bid from US$23.5 to US$30 per share. Paramount’s offer, which includes a consortium with Saudi Arabia, Qatar, and Abu Dhabi, is valued at US$71 billion. Warner Bros Discovery is considering various options, including a potential breakup, due to declines in its television business.

Link: https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/warner-bros-discovery-wants-paramount-raise-its-offer-us30-share-axios-reports