Warner Bros Discovery announced on Tuesday that it has evaluated Paramount Skydance’s updated acquisition offer and believes it could potentially represent a better deal than previous proposals.
The entertainment company revealed that the enhanced offer provides $31 cash per Warner Bros Discovery share, along with an additional daily fee of $0.25 per quarter that would begin after September 30.
The media giant’s assessment of the modified proposal suggests the deal has gained momentum as negotiations continue between the companies.
