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The Economic Times

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Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump

Netflix has withdrawn its bid for Warner Bros. Discovery, deeming the acquisition financially unattractive after Paramount Skydance raised its offer. Paramount's revised $31-a-share proposal is now considered superior, though the deal faces potential antitrust scrutiny and political concerns.

27 Feb 2026 5:57 am