Key Highlights
- Warner Bros. Discovery has declined Paramount's initial $30-per-share takeover offer.
- Paramount has been given a week to present a revised offer to Warner Bros.
- Netflix previously won a bid for Warner's streaming and studios business at $27.75 per share.
- Paramount indicated it could increase its offer to $31 per share if negotiations resumed.
- The final deadline for Paramount's new proposal is February 23.

