Warner Bros. Discovery reopens bidding, gives Paramount seven days to make its case

Warner Bros. Studio in Burbank. The closely watched sale of the century-old studio is expected to reshape Hollywood. (Myung J. Chun / Los Angeles Times) Warner Bros. Discovery is cracking open the door to allow spurned bidder, Paramount Skydance, to make its case that it should win the legendary entertainment company — the latest twist in the contentious, high-stakes auction. Warner's decision to reopen talks comes after weeks of pressure from Paramount and its controlling shareholder, scion David Elliso ...