Netflix backs away from offer to buy Warner Bros.

Netflix on Thursday signaled it was backing away from its offer to buy Warner Bros. Discovery's streaming and studio assets, saying ‌the deal was no longer financially attractive after Paramount Skydance revised its offer for the coveted Hollywood studio to a $31-a-share offer.

Netflix drops Warner Bros bid, leaving Paramount the winner with $140 billion deal - The Straits Times

Netflix drops Warner Bros bid, leaving Paramount the winner with $140 billion deal  The Straits Times

Netflix backs away from its offer to buy Warner Bros.

The streaming giant says the deal is no longer financially attractive after Paramount Skydance revised its offer for the coveted Hollywood studio to $31 a share.

Paramount wins the bidding war for Warner Bros. as Netflix walks away

Paramount poised to acquire Warner Bros. after Netflix walks away - The Daily Star

Paramount poised to acquire Warner Bros. after Netflix walks away  The Daily Star

Paramount Wins Bidding War For Warner Bros. After Netflix Drops Out

Paramount Wins Bidding War For Warner Bros. After Netflix Drops Out Late on Wednesday, we highlighted an aggressive options trade where a call spread buyer in Netflix options had bet $14 million that Paramount would end up buying Warner Brothers after Netflix walks, something which Polymarket had indicated very much since the start of this particular M&A saga... Trader bets $14 million (via NFLX call spread) that Paramount will end up buying Warner. Polymarket agrees cross-plat...

By Tyler Durden