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WBD board says Paramount's revised offer constitutes 'superior proposal'

( February 26, 2026, 21:58 GMT | Official Statement) -- MLex Summary: Warner Bros. Discovery's board has determined the previously disclosed proposal from Paramount Skydance constitutes a "Company Superior Proposal" as defined in WBD's merger agreement with Netflix, WBD said in a press release. WBD notified Netflix, which has four business days to propose revisions to its merger agreement so that Paramount's proposal no longer constitutes a "Company Superior Proposal."Full statement follows: ...

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