00:00Warner Brothers Discovery will reopen deal talks with Paramount Skydance under a seven-day waiver granted by Netflix as it
00:07weighs a hostile $30 per share bid against its pending merger agreement with Netflix.
00:12Paramount has hinted it could raise the offer to $31 a share if negotiations resume, though WBD's board continues to
00:19back the Netflix deal and has secured a shareholder vote for March 20th.
00:23Both potential transactions face regulatory scrutiny, with concerns ranging from streaming market concentration in Netflix's case to foreign sovereign wealth
00:33funding and antitrust concerns tied to Paramount's bid.
00:37WBD CEO David Zasloff said the company's priority remains maximizing value and certainty for shareholders as shares of both WBD
00:46and Paramount rose following the announcement.
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