Why Netflix Is Better Off Without Warner Bros. Discovery

One of the most hotly contested business deals of recent years has come to an end, and at first glance, Netflix (NASDAQ: NFLX) lost. The streaming giant spent most of the past three months trying to buy the Warner Bros. studio from its parent company, Warner Bros. Discovery (NASDAQ: WBD). But Netflix got outbid by a rival. On Feb. 27, Paramount Skydance (NASDAQ: PSKY) announced that it is acquiring the entire Warner Bros. Discovery company for $31 per share in cash. The deal is valued at $110 billion in e ...