Warner Bros reopens takeover talks with Paramount after receiving waiver from Netflix

NEW YORK (AP) — Netflix is granting Warner Bros. Discovery a seven-day waiver allowing the studio to reopen takeover talks with Paramount Skydance.

Warner Bros. said in a regulatory filing Tuesday that the waiver will allow it to discuss unresolved “deficiencies” in Paramount’s previous offers.

Warner Bros. now has until Feb. 23 to negotiate a possible transaction with Paramount Skydance.

Previously, Warner’s leadership consistently has backed the offer from Netflix. In December...