Warner Bros. Discovery has set March 20 as the date for a vote regarding its proposed deal with Netflix. It has said it’s circling back and engaging with David Ellison and Paramount Skydance to see if any concerns WBD has with their bid can be resolved so that it can truly get the “best and final” offer.

Netflix has granted WBD a seven-day waiver to talk to Paramount about the issues with their bid. Paramount has pressed hard for the bid, reaching out to elected officials both in the US as well as Europe who would need to approve any deal. They are taking up WBD on its offer to open up discussions again.

Netflix could match any offer Paramount makes.

In December, Warner Bros. Discovery announced that Netflix had won a bidding process where Netflix would purchase Warner Bros. Studios and some other assets while cable channels (minus HBO and HBO Max) would be spun off into a new company. Paramount Skydance’s bid would be for all of Warner Bros. Discovery’s assets.

Each of their bids have been adjusted a bit since then with Netflix changing all of their bid to cash instead of a mix of cash and shares. Paramount’s is all cash.

As of earlier this week, Warner Bros. said it was still recommending the Netflix deal but the door for Paramount has opened up just a bit with this change.

Either deal from Paramount and Netflix will face antitrust scrutiny in both the US and Europe.