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The Guardian - UK

Entertainment

Mark Sweney

Warner Bros gives Paramount seven days to make ‘best and final’ offer

Paramount Netflix Warner Bros WBD Harry Potter Paramount Skydance

Harry Potter The Deathly Hallows: Part 1 — Warner Bros owns movie franchises including Harry Potter. Photograph: Jaap Buitendijk/AP

Warner Bros Discovery (WBD) has reopened talks with Paramount Skydance, giving the company seven days to table its best and final offer and top an existing agreement with Netflix.

WBD has so far stuck to its binding agreement with Netflix and rejected a series of sweetened offers from Paramount, resulting in the company pursuing a hostile $108.4bn (£76.8bn) takeover directly with shareholders

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