But its response to Paramount indicates Warner Bros prefers its deal with Netflix, and the odds of a switch are long. Paramount later on Tuesday acknowledged the seven-day offer, even as it called Warner Bros' board actions "unusual." Pentwater, which owns about 50 million shares of Warner Bros, has backed Paramount's bid. "Every substantive complaint that the Warner Bros board had with Paramount's previous offer has been addressed," Halbower said in an interview last week. To start talks with Paramount, Warner Bros' board secured a special waiver from Netflix.
