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Warner Bros reopens talks with Paramount after receiving a waiver from Netflix

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.

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