Warner Bros. reopening takeover talks with Paramount, but Netflix deal still favoured

a white water tower with the mountain range logo and type that says "paramount" on it loom over the low treed hills where the Hollywood sign sits, visible in the background

Netflix, the preferred bidder to buy Warner Bros.’ studio and streaming businesses, has given Warner a seven-day waiver to reopen talks with Paramount. The companies now have until Monday of next week to work out a possible deal, which Netflix would be allowed to match.

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