Warner Bros. Discovery (WBD) is getting ready to tell its investors to dismiss Paramount Skydance’s (PSKY) latest bid as soon as Wednesday and intends to recommend they support its existing agreement with Netflix (NFLX), the Wall Street Journal’s Lauren Thomas and Joe Flint report, citing people familiar with the matter. Such a move would leave Paramount and its CEO David Ellison to determine whether to upgrade their offer for all of Warner Bros. Discovery, the authors note.
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