Netflix Bids Highest for Warner Bros Discovery, Paramount Raises Concerns Over Fairness

Netflix has emerged as the highest bidder for Warner Bros Discovery, offering 85% cash for the assets it seeks to acquire. Paramount has raised concerns over the "fairness and adequacy" of the bidding process, citing media reports that indicate Warner Bros Discovery's management favors Netflix's proposal. Warner Bros Discovery is seeking another round of bids from suitors by the end of Thursday.