Warner Bros. Discovery says the latest buyout offer from Paramount Skydance looks like it could be a "superior proposal" compared to the current Netflix merger agreement. The board hasn't officially changed its recommendation yet and still supports the Netflix deal for now, but they are reviewing the new terms. Paramount is offering $31 per share in cash for the whole company plus break fees if regulators block it. The current Netflix deal is different because they only want the film and TV studios, with the cable channels getting spun off separately. If WBD decides Paramount's offer is better, Netflix has four business days to match it. The shareholder vote is coming up on March 20.