
Netflix surprisingly withdrew from Warner Bros. deal – Paramount made a better offer
In a battle over Warner's future that had lasted for months, a surprising turn of events occurred on Thursday.
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Netflix drops bid for Warner Bros, clearing way for Paramount takeover
Netflix's decision to back down from the bidding war clears the path for Paramount to win the takeover battle.
Read full article →Here's what smart people are saying about Paramount winning the Warner Bros. Discovery deal
Jeff Bottari/Zuffa LLC; Dania Maxwell / Los Angeles Times via Getty Images Paramount-Skydance outbid Netflix for Warner Bros. Discovery Here's what business and political leaders are saying about the impact of the deal. "Welcome to Hollywood kid," one $4 billion wealth manager said of WBD CEO David Zaslav. Paramount-Skydance has emerged as the winner in a multi-round battle for the future of Warner Bros. Discovery. Netflix backed out — and stands to pocket $2.8 billion in breakup fees — aft...
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