Netflix Wins Warner Brothers Bidding War

Netflix Emerges as Frontrunner in Warner Brothers Bidding War, Despite Regulatory ConcernsIn a surprising turn of events, Netflix has become the leading contender in the bidding war for Warner Brothers Discovery, despite Paramounts higher cash offer. Warner Brothers advised shareholders to reject Paramounts bid, setting the stage for Netflixs all-stock deal. The value of Netflixs offer hinges on its stock price, and the deal excludes Warner Brothers cable TV networks. Both offers face regulatory scrutiny, with Paramount arguing its deal has a better chance of approval, while Warner Brothers believes both are equally scrutinized.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.