From Quartz.

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On Tuesday, Warner Bros. Discovery said it will restart talks with Paramount Skydance. Its board urged shareholders to approve Netflix’s acquisition of its studio and streaming businesses, citing “superior value and certainty.”
The company obtained a seven-day waiver from Netflix to pursue a “best and final offer” discussion with Paramount Skydance. CEO David Zaslav said the focus is maximizing value and certainty for shareholders and testing whether an actionable, binding proposal can be delivered.
In December, Netflix agreed to buy the studio and streaming units for more than $80 billion, with Warner planning to spin off its TV networks. Paramount Skydance has mounted a hostile bid for all of Warner Bros., indicating it would pay $31 per share, amid antitrust scrutiny and premarket gains. #warnerbros #netflix #paramount #acquisition #businessnews

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