Netflix bows out: Paramount Skydance secures Warner Bros. Discovery in $111 billion deal, eyes CNN overhaul

MacDailyNews
Feb 27, 2026, 9:25 am193 ptsTrending
Larry Ellison (left) and David Ellison In a dramatic conclusion to one of Hollywood’s most intense corporate battles, Netflix has withdrawn from its bid to acquire Warner Bros. Discovery, clearing the path for Paramount Skydance to take control of the media giant in a deal valued at approximately $111 billion.…

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