Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump
Yahoo Finance·2026-02-26 21:22

(In paragraph seven, corrects to say Liz Claman works for Fox Business, not Fox News) By Aditya Soni, Akash Sriram and Dawn Chmielewski Feb 26 (Reuters) - Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood ‌studio. "We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so ...