Paramount Set For $111bn Warner Bros Takeover as Netflix Withdraws Bid

Paramount is poised to acquire Warner Bros Discovery in a deal valued at approximately $111bn (£82.2bn), after Netflix withdrew from the bidding process for one of Hollywood’s most storied studios. Warner Bros, which formally put itself up for sale last year, announced on Thursday that Paramount’s revised offer was “superior” to Netflix’s proposal. The streaming […]