Warner Bros. 'reviewing' new takeover bid from Paramount

The sweetened offer was the latest instalment of a bidding war set to reshape Hollywood and US media, and has drawn White House attention, with President Donald Trump insisting he will have a say on the deal. "We received a revised (Paramount) proposal to acquire WBD, which we are reviewing in consultation with our financial and legal advisors," the Warner Bros. board said, adding it would update shareholders once the review was complete. Terms of Paramount's new offer were not disclosed, and the Warner Bros.