Warner Bros Discovery has rejected a revised hostile takeover bid from Paramount Skydance, but signalled it remains open to considering a final improved offer.
In a statement released on Tuesday, Warner Bros Discovery said it had received a seven-day waiver from Netflix, allowing it to hold talks with Paramount Skydance until February 23, 2026.
The waiver permits Warner Bros to address unresolved issues in Paramount Skydance’s amended proposal and provides the rival bidder an opportunity to submit a binding final offer.
