Warner Bros. grants Discovery gave Paramount one week to make its “best and last” offer.

As noted in the press release, a Paramount representative told WBD that he would agree to pay $31 per share if WBD reopened negotiations, adding that this was not Paramount’s “best and final proposal.” Paramount has been increasing its offer to buy out WBD outright for weeks now, offering to do so Covering termination fees of $2.8 billion WBD will have to pay if it abandons its deal with Netflix.

Netflix says it has awarded WBD He gave up a seven-day waiver to deal with Paramount for a “complete resolution” of the bidding war. “The foreign financing behind PSKY’s bid does raise serious national security concerns,” he adds. Netflix press release He cites a recent letter from Rep. Sam Liccardo (D-CA). To Paramount, which is skeptical about the support of partners in the Middle East for its deal, such as the Public Investment Fund of Saudi Arabia.

WBD shareholders will vote on the merger with Netflix on March 20.

“We continue to believe that the Netflix merger is in the best interests of WBD shareholders given the tremendous value it creates, our clear path to regulatory approval and the deal’s protection for shareholders against downside risk,” Samuel Di Piazza, Jr., WBD’s chairman, says in the press release.