Warner Bros. Discovery says it thinks Paramount's new bid could be superior to Netflix's offer

Paramount Skydance CEO David Ellison has improved his standing with Warner Bros. Discovery, but Netflix co-CEO Ted Sarandos may still be in pole position.

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• Warner Bros. Discovery's board said Paramount's latest offer "could" be better than Netflix's.
• However, WBD's board hasn't yet concluded that Paramount's bid is definitively better.
• Paramount is willing to buy WBD's entire business, whereas Netflix only wants its studio and HBO.