🚨Paramount Skydance wins the race for WBD after Netflix declines to match the higher bid. Netflix says the price no longer made financial sense and will instead focus on organic growth, $20B in content investment, and share buybacks. 🎞️
antitrust-intelligence.com/paramount-sk...
antitrust-intelligence.com
Paramount Skydance Beats Netflix to Win Warner Bros. Discovery Deal
Netflix has formally withdrawn from efforts to match a competing acquisition proposal for Warner Bros. Discovery (WBD), marking the end of a potential transformative consolidation in the global ent…