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MICHELLE CHAPMAN
Tue, February 17, 2026 astatine 6:45 AM CST 1 min read
NEW YORK (AP) — Netflix is granting Warner Bros. Discovery a seven-day waiver allowing the workplace to reopen takeover talks with Paramount Skydance.
Warner Bros. said successful a regulatory filing Tuesday that the waiver volition let it to sermon unresolved “deficiencies” successful Paramount's erstwhile offers.
Warner Bros. present has until Feb. 23 to negociate a imaginable transaction with Paramount Skydance.
Previously, Warner’s enactment consistently has backed the connection from Netflix. In December, Netflix agreed to bargain Warner’s workplace and streaming concern for $72 cardinal — present successful an all-cash transaction that the companies person said volition velocity up the way to a shareholder ballot by April. Including debt, the endeavor worth of the woody is astir $83 billion, oregon $27.75 per share.
Unlike Netflix, Paramount wants to get Warner’s full institution — including networks similar CNN and Discovery — and went consecutive to shareholders with each cash, $77.9 cardinal connection successful December.
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