Warner Bros. Discovery
WBD----
Paramount raises prices, Netflix "does not follow," Warner Bros. acquisition case "settled"
Wallstreetcn·- Paramount Skydance has won the bidding war for Warner Bros. Discovery, with Netflix announcing its withdrawal after Warner's board deemed Paramount's $31 per share offer superior. - The deal, if approved, would merge Paramount with Warner Bros. for about $81 billion, creating a media giant that could compete with Disney, while also facing regulatory scrutiny over ownership concerns regarding CNN and CBS News. - Despite Paramount's success, the transaction's regulatory approval is uncertain, raising alarms over media concentration, particularly as Ellison’s control of both CBS and CNN has drawn criticism.