Netflix Exits Warner Bros. Discovery Race as Paramount Skydance Nears $111B Megadeal
In a seismic shift for the global media landscape, streaming giant Netflix has officially bowed out of its pursuit of Warner Bros. Discovery (WBD) assets. The decision comes after a fierce bidding war, leaving David Ellison’s Paramount Skydance as the clear frontrunner with a massive $111 billion offer. A New Sports Media Powerhouse If approved…