Paramount Skydance Emerges Victorious As Netflix Drops Warner Bros Bid

Thewillnews | 27-02-2026 09:47pm |

February 27, (THEWILL) — In a dramatic twist in one of Hollywood’s biggest takeover battles, Netflix has withdrawn its $83 billion bid to buy Warner Bros. Discovery (WBD), clearing the way for Paramount Skydance to take control of one of the world’s most famous studios. Netflix had offered $27.75 per share, focusing mainly on Warner

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