Paramount Skydance looks poised to buy Warner Bros Discovery after Netflix withdrew from the bidding. Netflix on Thursday said it would not match Paramount’s $31-a-share offer after the board of Warner Bros Discovery (WBD) declared it “superior” to the deal agreed with the streaming company. Netflix first struck a nearly $83 billion deal to buy WBD’s studio and streaming business in December. Paramount also offered to pay the $2.8 billion fee owed to Netflix if WBD terminates the original deal. The US president also purchased about $2 million worth of Netflix and Warner Bros corporate bonds.

Source: The Irish Times February 27, 2026 14:25 UTC