Warner Bros. Discovery Chooses Netflix Route Over Paramount Skydance Bid
Shareholders overwhelmingly rejected Paramount Skydance’s $30-per-share cash bid to acquire Warner Bros. Discovery, preferring Netflix’s all-cash plan to merge the core assets after the Discovery Global spin-off. Netflix's deal remains on track and is viewed as more certain, while Paramount’s bid faced hurdles and failed to win the necessary support; the spin-off is set for 2026 and the Netflix transaction awaits regulatory approvals and a shareholder vote.