On Wall Street, even the losers are winners in the battle for Warner Bros. Discovery

A bevy of banks on Wall Street are walking away from the enormous Warner Bros. Discovery deal with hefty fees and newfound bragging rights. AndreyKrav/Getty Images Paramount Skydance is set to gain control over Warner Bros. Discovery after Netflix withdrew. Many of Wall Street's top bankers had a stake in steering the mega-deal — and a lot on the line. But even a loss for Netflix's investment bankers could prove to be a reputational win. Here's why. In the world of high-stakes M&A, the Wall...

How Netflix Forced Paramount to Cough Up More for Warner Bros.

Oh No, Rationality Prevailed in the Warner Bros. Auction

It took a price of $111 billion, backed by $46 billion from tech billionaire Larry Ellison, plus the promise to pay $7 billion in compensation if the deal failed.

By Chris Hughes

Netflix withdraws as Paramount Skydance leads $111 billion Warner Bros. Discovery bid - thecitizen.co.tz

Netflix withdraws as Paramount Skydance leads $111 billion Warner Bros. Discovery bid  thecitizen.co.tz