WBD Reopens Talks With Paramount Skydance, Gives Week to Beat Netflix Bid
Warner Bros. Discovery (WBD) has reopened merger talks with Paramount Skydance, giving the company a week to present its best and final offer. WBD prefers Netflix's $83 billion bid for its streaming and studio business over Paramount's $108 billion all-inclusive offer. The discussions end February 23, with WBD scheduling a shareholder vote on the Netflix deal for March 20. Paramount Skydance accuses WBD of withholding details needed to compare offers, while WBD claims it clarified terms during talks. This corporate battle could reshape streaming and content ownership, with implications for global media investments.