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    By Allie Canal and Steve Kopack Warner Bros. Discovery said Tuesday that Paramount Skydance’s revised bid for the entire company, including its cable networks, could be preferable to Netflix’s deal for its studio and streaming business. The updated offer raises the purchase price to $31 a share from $30 — a deal that would value Warner Bros. Discovery at roughly $77 billion. The proposal also includes a $7 billion reverse termination fee if regulators block the deal, along with reimbursement for Warner Bros. Discovery’s potential cost to cancel its deal with Netflix. The board of directors at Warner Bros. Discovery said in a news The post Warner Bros. Discovery says new Paramount bid could best Netflix offer appeared first on HBCU News.
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