Netflix drops bid for Warner Bros, clearing way for Paramount takeover

Netflix has backed away from its proposal to buy Warner Bros. Discovery, clearing the way for Paramount-Skydance to win a months-long battle for one of Hollywood's most storied studios.

By Abubakar Ibrahim

Netflix drops its bid for Warner Bros., clearing path for takeover by Paramount

‘This is a win-win for shareholders and the industry,’ said a Warner Bros. investor, but Paramount will face ongoing government scrutiny for its deal

By Bloomberg News

Netflix backs out of Warner Bros. purchase, clearing a path for Paramount

The streaming giant said it would not raise its bid to buy Warner Bros. Discovery, potentially allowing Paramount Skydance to take over the studio.

By Scott Nover, Liam Scott

Netflix drops bid for Warner Bros, clearing way for Paramount takeover

Netflix's decision to back down from the bidding war clears the path for Paramount to win the takeover battle.

Netflix refuse de relever son offre pour Warner Bros

Les dirigeants du géant du streaming ont déclaré «refuser de s’aligner sur» l’offre de Paramount Skydance, estimant que l’opération n’était plus financièrement intéressante.