Warner Bros. Discovery Reopens Paramount Talks After Netflix Grants Waiver

Warner Bros. Discovery has launched a seven-day negotiation window with Paramount Global after Netflix granted a waiver to address a revised $108.4B takeover bid.The proposal led by David Ellison offers $31 per share and includes a $40B equity guarantee from Larry Ellison to challenge the existing agreement with Netflix.CEO David Zaslav and Samuel Di Piazza continue to recommend the $82.7B Netflix merger ahead of a scheduled shareholder vote on March 20.Paramount has committed to covering a $2.8B breakup fee while Netflix raises national security concerns regarding potential funding from Saudi Arabia and Qatar.