Paramount Skydance Positioned to Acquire Warner Bros After Netflix Withdraws Bid

Paramount Skydance is on track to acquire Warner Bros. Discovery (WBD) in a transaction valued at approximately $111 billion after Netflix officially withdrew its competing bid on February 27, 2026. Paramount’s revised all-cash proposal has been deemed “superior” by WBD’s board and now supersedes Netflix’s earlier offer source: https://www.ethnews.com/paramount-skydance-positioned-to-acquire-warner-bros-after-netflix-withdraws-bid/