Warner Bros Discovery has said it is reopening takeover talks with Paramount Skydance (Alamy/PA)
Bloomberg
Warner Bros Discovery has agreed to reopen negotiations with rival Hollywood studio Paramount Skydance after the suitor proposed raising its bid and sweetened other terms of its offer, setting the stage for a renewed showdown with Netflix.
Netflix, which Warner Bros still described as its preferred bidder, has granted the board seven days to discuss Paramount’s most recent proposal, according to a statement.
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