Warner Bros Reopens Takeover Talks With Paramount

NEW YORK (AP) — Warner Bros. Discovery is briefly reopening takeover talks with Skydance-owned Paramount to hear the company’s “best and final” offer, while the Hollywood giant continues to back the studio and streaming deal it struck with Netflix. In a Tuesday regulatory filing, Warner said that Netflix had granted it a waiver to open discussions with Paramount for seven days. Paramount now has until Feb. 23 to negotiate a possible transaction. But in the meantime, Warner’s board is still recommending shareholders support of its proposed merger with Netflix. A special meeting is now scheduled for Friday, March 20 to hold a vote on that deal.