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Warner Bros. weighs reopening sale negotiations with Paramount

Paramount submitted amended terms last week that addressed several concerns.

Lucas Shaw

Does the purchase price “move up another $5 or $10 billion? I think it probably does,” Kevin Mayer, Disney's former top dealmaker, said on Tuesday.

Prior to the closing of the sale, Warner Bros. will complete the planned spinoff of its networks division, including CNN, TBS and TNT.

Simmons joined Spotify in 2020 when the streaming service purchased his company, the Ringer, for about $250 million.