Warner Bros. Discovery Begins Seven-Day Talks on $108B Paramount Bid

Warner Bros. Discovery has initiated a seven-day negotiation window with Paramount Global and David Ellison after receiving a limited waiver from Netflix to evaluate a competing takeover bid.While the board continues to recommend an $82.7B merger with Netflix, Paramount is aggressively promoting its $108.4B counter-offer backed by Larry Ellison and Oracle.David Zaslav and Samuel Di Piazza noted that the rival proposal still lacks specific financing details while Netflix raised national security concerns regarding potential Middle Eastern funding.Paramount intends to nominate a rival slate of directors to oppose the Netflix transaction before a scheduled shareholder vote on March 20.