- Warner Bros. Discovery has reportedly reopened negotiations with Paramount, giving the latter seven days to present its "best and final offer" for a potential takeover, as reported by wng.org.
- This move comes as Paramount attempts to counter Netflix's agreed deal to acquire Warner Bros.' Hollywood studios and HBO Max streaming service, wng.org noted.
- According to wng.org, the renewed talks were initiated after Paramount indicated it would raise its bid to at least $31 per share.
- Netflix granted Warner Bros. Discovery a seven-day waiver to allow these discussions with Paramount, as reported by the Associated Press.
- Despite these renewed talks, Warner Bros.' board is still recommending shareholders support its proposed merger with Netflix, according to wng.org.
WBD & Paramount Takeover Talks Resume
Warner Bros. Discovery has reopened high-stakes negotiations with Paramount, granting them seven days to submit a "best and final offer" for a potential takeover, directly challenging Netflix's agreed deal for WBD's studios and HBO Max. Despite Paramount's promise of a higher bid and Netflix's temporary waiver, Warner Bros. Discovery's board surprisingly continues to recommend shareholders approve the original Netflix merger.
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Editorial Process: This article was drafted using AI-assisted research and thoroughly reviewed by human editors for accuracy, tone, and clarity. All content undergoes human editorial review to ensure accuracy and neutrality.
Reviewed by: Jordan Kim
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