Paramount Skydance Wins Warner Bros Deal; Netflix Bows Out, Shares Rally
Last Updated:February 27, 2026, 08:01 IST Netflix has decided not to buy Warner Bros. Discovery’s studio and streaming business, clearing the way for Paramount to take over Warner Bros Paramount Skydance has emerged as the frontrunner in the months-long battle to acquire Warner Bros Discovery after streaming giant Netflix declined to raise its offer for…