Morning Business Report: Paramount outbids Netflix for Warner Bros. Discovery, State Farm issuing refunds to policyholders
Paramount has emerged as the leading bidder to acquire Warner Bros. Discovery
(LILAMAX)-Paramount has emerged as the leading bidder to acquire Warner Bros. Discovery, offering more per share than Netflix and securing what the media company calls a “superior” proposal. According to Warner Bros. Discovery, Paramount Global offered $31 per share — about $3 more per share than Netflix. Netflix has since dropped out of the bidding process. Paramount’s offer includes the…