Warner Bros. opens door to Paramount
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Big news. The ground has shifted as Warner Bros. Discovery said its board determined tha a new proposal from Paramount could reasonably be expected to lead to a so-called "Company Superior Proposal" as defined in WBD's merger agreement with Netflix and that it will continue talks with the David Ellison company.
Paramount Skydance’s potential deal to snap up Warner Bros. Discovery in its entirety has cleared antitrust review at the U.S. Justice Department — despite the fact that David Ellison’s Paramount has repeatedly failed to secure an agreement to acquire Warner Bros.