Netflix (NFLX) has adequate cash reserves and could raise its offer for Warner Bros. Discovery (WBD) if Paramount Skydance (PSKY) comes up with a more compelling bid, Reuters reported Thursday, citing people familiar with the matter.
Warner Bros. is proceeding with a shareholder vote on Netflix's offer on March 20, but it gave Paramount one week to present a better offer, according to the report.
Netflix declined to comment when contacted by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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