Netflix (NFLX) has ample cash and could raise its offer for Warner Bros. Discovery (WBD) if competing bidder Paramount Skydance (PSKY) increases its own bid, Reuers’ Amy-Jo Crowley and Milana Vinn report, citing two people with knowledge of the matter. The two media firms continue to compete Warner Bros. and its legacy catalogue, which includes DC Comics and “Harry Potter,” the authors note. Though the HBO owner is proceeding with a March 20 shareholder vote on the proposed Netflix deal, it has given Paramount a week to come up with a more compelling offer, the authors say.
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