A Paramount merger could be end of HBO Max
Digest more
The deal is among Hollywood's biggest media shake-ups and will create one of the largest film studios in the world.
Warner Bros. Discovery said it has received a revised offer from Paramount to buy the entire company for $31 a share.
Warner Bros. Discovery said Paramount has raised the price of its takeover offer to $31 per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant.