Warner Bros Discovery shareholder Harris Associates says open to revised Paramount bid
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Harris Associates, the fifth largest shareholder in Warner Bros Discovery, is open to a revised offer from Paramount Skydance if it presents a superior bid and addresses deal term issues. Warner Bros Discovery's board recently rejected Paramount's $108.4 billion bid. Harris Associates believes Netflix's offer is currently superior in terms of deal terms. Paramount and Netflix are competing to acquire Warner Bros' assets, including its film and television studios and HBO Max streaming service.
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