Netflix bows out leaving Paramount in lead role to buy Warner Bros. Discovery
In a swirling chain of events on Thursday, Netflix Inc. decided against meeting what has been determined as a superior bid to buy Warner Bros. Discovery Inc. (WBD) by Paramount Skydance Corp. (PSKY), which now appears to be in the driver’s seat. “We are pleased WBD's Board has unanimously affirmed the superior value of our offer, which delivers to WBD shareholders superior value, certainty and speed to closing,” said Paramount Chairman and CEO David Ellison in a statement. WBD confir...
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