Netflix withdraws Warner Bros bid as Paramount Skydance emerges front-runner in $31-a-share deal

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. Warner Bros., which put itself up for sale last year, on Thursday said Paramount’s latest bid was “superior” to Netflix’s, which in turn refused to raise […] Read Full Story