Warner Bros. Discovery's board says Paramount's latest offer is better than Netflix's

Warner Bros. Discovery's board of directors just said that David Ellison's Paramount Skydance has made a better offer than Netflix.

Aleksander Kalka/NurPhoto via Getty Images; Kristina Bumphrey/Variety via Getty Images

• Warner Bros. Discovery's board said it thinks Paramount's latest offer is better than Netflix's.
• Paramount raised its bid on Tuesday to $31 per share for all of WBD.
• Netflix must decide whether it's willing to offer more for the Warner Bros. studio and HBO assets.