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Warner Bros reopens takeover talks with Paramount after receiving waiver from Netflix
Warner Bros reopens takeover talks with Paramount after receiving waiver from Netflix
MICHELLE CHAPMAN
Tue, February 17, 2026 at 9:45 PM GMT+9 1 min read
In this article:
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NEW YORK (AP) — Netflix is granting Warner Bros. Discovery a seven-day waiver allowing the studio to reopen takeover talks with Paramount Skydance.
Warner Bros. said in a regulatory filing Tuesday that the waiver will allow it to discuss unresolved “deficiencies” in Paramount’s previous offers.
Warner Bros. now has until Feb. 23 to negotiate a possible transaction with Paramount Skydance.
Previously, Warner’s leadership consistently has backed the offer from Netflix. In December, Netflix agreed to buy Warner’s studio and streaming business for $72 billion — now in an all-cash transaction that the companies have said will speed up the path to a shareholder vote by April. Including debt, the enterprise value of the deal is about $83 billion, or $27.75 per share.
Unlike Netflix, Paramount wants to acquire Warner’s entire company — including networks like CNN and Discovery — and went straight to shareholders with all cash, $77.9 billion offer in December.
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