Netflix Withdraws from Deal to Buy Warner Bros Clearing the Way for Paramount Skydance
Netflix has officially stepped out of the race to acquire Warner Bros. Discovery (WBD), leaving Paramount Skydance as the frontrunner in this high-stakes takeover battle. The streaming giant had previously offered $27.75 per share for Warner’s studio operations and HBO Max streaming service, valuing the assets at around $83 billion (£61.6 billion), including debt. However,…
