Warner Bros. Discovery has until Monday to negotiate a possible transaction with Paramount Skydance.
FILE – The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., Dec. 5, 2025. NEW YORK — Warner Bros. will reopen takeover talks with Paramount Skydance after receiving a seven-day waiver to do so from its preferred bidder, Netflix.
Warner Bros. said in a regulatory filing Tuesday that the waiver will allow it to discuss unresolved “deficiencies” in Paramount’s previous offers.Week 4: Kaiser says 40% of striking workers are back at work “While we are confident that our transaction provides superior value and certainty, we recognize the ongoing distraction for WBD stockholders and the broader entertainment industry caused by PSKY’s antics,” Netflix said in a statement. “Accordingly, we granted WBD a narrow seven-day waiver of certain obligations under our merger agreement to allow them to engage with PSKY to fully and finally resolve this matter.” Warner Bros. said Tuesday that its board still recommends unanimously that shareholders vote for the Netflix buyout. Warner’s leadership consistently has backed the offer from Netflix. In December, Netflix agreed to buy Warner’s studio and streaming business for $72 billion — now inthat the companies have said will speed up the path to a shareholder vote by April. Including debt, the enterprise value of the deal is about $83 billion, or $27.75 per share.Warner Bros. has a special meeting scheduled for Friday. The company’s stock rose more than 2% before the market open on Tuesday.50 years of ‘The Godfather’: Robert Duvall reflects on the film, costars and legacyMichael Silverblatt, longtime KCRW ‘Bookworm’ host dies in LA home at 73California cardrooms anticipate thousands of layoffs as gambling rules changeLAUSD to weigh thousands of layoff notices amid $877 million budget deficit
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