Paramount sweetens offer for Warner Bros. shareholders in hostile takeover fight

NEW YORK -- Paramount is again sweetening its hostile takeover bid for Warner Bros.Discovery, while again extending the deadline for its tender offer as it scrambles for more shareholder support.Popular ReadsNancy Guthrie abduction: Sheriff reveals more detailed timelineFeb 9, 3:55 PMNancy Guthrie latest: Savannah Guthrie pleads with public, 'We need your help'Feb 9, 8:02 PMGuthrie family issues message to potential kidnappers: 'We want to talk to you'Feb 5, 8:05 PMNetflix and Warner have maintained that their agreement is better Paramount's bid.But Paramount argues that its offer is superior — and on Tuesday pointed to a “sliding scale” value of the Netflix merger, which could range from $21.23 to $27.75 per share, depending on debt spanning from Warner's previously announced spinoff of its networks business.