Warner Bros. is considering re-engaging with Paramount following its latest offer

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As we reported last week, the firm known as WBD that controls that iconic Warner Bros. studio, HBO Max streaming service and cable properties like CNN and Discovery has been under massive pressure to reopen the entire bidding process and consider a “sweetened” offer from Paramount Skydance.

That, in turn, could upend its nearly sealed, $72 billion deal with Netflix for the studio and streaming service and force it to reconsider the bid by Paramount for all its operations.

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More at issue, as previously reported by The Post, is the guarantee of intense regulatory pushback by the antitrust cops in the Trump administration – not just on the deal itself, where Netflix is layering the top streaming service with the No 3 largest in HBO Max, but also scrutiny coming down hard on Netflix itself.

According to one GOP operative with knowledge of the Trump administration position of the Netflix deal: “So far it’s going nowhere with the executive branch.”

The tenor or the regulatory pushback against the Netflix offer — just weeks before WBD shareholders are expected to vote on it — has rattled people inside WBD. Its deal savvy CEO David Zaslav launched the months-long bidding process before settling on Netflix and getting a tremendous boost in WBD’s stock. But in recent days amid the regulatory heat, he’s been looking at a plan-B.

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