Core Viewpoint - Paramount Skydance has won the bidding war to acquire Warner Bros. Discovery, leading to a significant increase in its share price, while Netflix's decision to withdraw from the bidding has also positively impacted its stock [1][2]. Group 1: Stock Performance - Paramount Skydance's share price surged nearly 9.5% to $12.24 in premarket trading, following a more than 10% rise the previous day [2]. - Netflix's shares rose nearly 7.2% to $90.68 in premarket trading after ending Thursday with a 2.3% increase [2]. Group 2: Bidding War Dynamics - Netflix's investors expressed relief at the company's decision to withdraw from the bidding war, fearing it would lead to overpayment for Warner's assets [3]. - The bidding war had negatively impacted Netflix's stock, which is down over 31% in the past six months and nearly 23% since the initial deal announcement [3]. Group 3: Financial Implications - By withdrawing, Netflix will receive a $2.8 billion breakup fee from Paramount [4]. - Paramount's stock has also been affected by the bidding war, down more than 40% since the start of October [4]. Group 4: Warner Bros. Discovery Valuation - Warner Bros. Discovery's shares fell over 2% to $28.20 in early trading, with Paramount's bid valuing the company at $111 billion, offering $31 per share [5]. Group 5: Future Plans - Netflix plans to invest approximately $20 billion in quality films and series and will resume its share buyback program following the end of the bidding war [6].