Warner Bros. Reopens Paramount Talks As Netflix Merger Vote Looms
Synopsis
The company said that Netflix has granted it a limited seven-day waiver under its merger agreement, allowing discussions with Paramount Skydance through February 23.
Warner Bros. Discovery, Inc. (WBD) has opened a brief window to engage with Paramount Skydance (PSKY) even as it scheduled a March 20 shareholder vote on its proposed merger with Netflix, Inc. (NFLX).
The company said that Netflix has granted it a limited seven-day waiver under its merger agreement, allowing discussions with Paramount Skydance through February 23.
Despite the temporary opening of talks, the Warner Bros. Discovery board said it continues to back the Netflix transaction unanimously.
Following the update, Warner Bros. Discovery stock traded over 2% higher in Tuesday’s premarket.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.