Netflix has announced it will not submit a higher offer to acquire Warner Bros. Discovery (WBD), clearing the way for Paramount Skydance to take the lead in the high-stakes race for the Hollywood giant.
Paramount Skydance, led by David Ellison, has emerged as the leading contender to acquire Warner Bros Discovery (WBD) in what could become the media industry’s biggest merger in years.
Warner Bros Discovery (WBD) is exploring a potential outright sale following interest from several buyers, even as it moves forward with a planned split into two separate companies, the company announced Tuesday.
27 Feb 2026-09:28
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