Warner Bros. Discovery has announced plans to reopen talks with Paramount Skydance (PSKY) under a week-long waiver from Netflix. This move comes after the media giant received a new proposal from Paramount, which includes additional clauses to demonstrate its confidence in closing the deal. The waiver allows Warner Bros. to address “deficiencies” in the current proposal and enables Paramount to make its “best and final offer” ahead of an official shareholder vote.
Source: https://www.investors.com/news/warner-bros-discover-paramount-skydance-deal-talks-best-offer-netflix-waiver-wbd-stock-psky-ntflx