According to CNBC, Paramount Global has improved its bid for Warner Bros. Discovery (WBD) by offering additional terms to make the deal more attractive, but has refrained from raising the per-share value of its offer. This move highlights Paramount's strategic focus on consolidating media assets without escalating acquisition costs, which could impact investor sentiment and trading activity in both companies' stocks.

According to @garyblack00, Paramount has launched a hostile $30 per share all-cash offer for all of WBD, which he says would face fewer regulatory issues than NFLX’s $27.75 per share bid comprised of $23.25 cash and $4.50 in NFLX stock, with the Ellison-backed PSKY proposal offering $18 billion more in cash, likely closing faster, and covering all of WBD including the global networks being spun off while the NFLX offer imputes $3 per share to that spinoff; source: Gary Black on X, Paramount investor relations ir.paramount.com/node/72176/pdf. He adds that this competitive pressure could push NFLX to raise its offer for WBD, and the source cites no direct cryptocurrency market impact; source: Gary Black on X.