Netflix surges as investors cheer decision to exit Warner Bros race

By Harshita Mary Varghese Feb 27 (Reuters) - Netflix ended nearly 14% higher on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood's most prized assets. Paramount ‌said it will buy Warner Bros in a $110 billion deal, which is expected to close in the third quarter of ‌2026. It also paid the $2.80 billion termination fee that Warner Bros owed Netflix, the streaming giant said in a regulatory filing ...