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Netflix has abandoned its proposed acquisition of Warner Bros. Discovery’s studio and streaming assets after the WBD board deemed Paramount Skydance’s revised all-cash offer of $31 per share for the entire company superior to Netflix’s $27.75 per share proposal.
The withdrawal removes the final major obstacle. It fully clears the pathway for Paramount, controlled by billionaire Larry Ellison and his son David Ellison, to acquire Warner Bros. Discovery outright.
This transaction hands father and son Larry and David Ellison a commanding media monopoly, consolidating Warner Bros. film and television studios, the vast Warner library, CNN, TBS, TNT and extensive streaming platforms under single private control.
https://www.cnbc.com/2026/02/26/warner-bros-discovery-paramount-skydance-deal-superior-netflix.html
The withdrawal removes the final major obstacle. It fully clears the pathway for Paramount, controlled by billionaire Larry Ellison and his son David Ellison, to acquire Warner Bros. Discovery outright.
This transaction hands father and son Larry and David Ellison a commanding media monopoly, consolidating Warner Bros. film and television studios, the vast Warner library, CNN, TBS, TNT and extensive streaming platforms under single private control.
https://www.cnbc.com/2026/02/26/warner-bros-discovery-paramount-skydance-deal-superior-netflix.html
