Warner Bros Discovery has reopened takeover discussions with Skydance-owned Paramount, while still supporting its merger agreement with Netflix. Paramount, seeking to acquire all of Warner’s assets, has positioned a competing bid to Netflix’s $72 billion offer.
Warner’s board scheduled a vote on the Netflix deal, triggering regulatory concerns amid antitrust issues worldwide. Paramount’s bid, including a recent promise of additional incentives, has intensified the rivalry over the acquisition.
Activist investors and regulatory bodies are closely monitoring these developments, while stock reactions display increased investor interest as the situation unfolds.
(With inputs from agencies.)
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