Netflix Parts Ways with Warner Brothers Deal as Paramount Comes Out on Top.

Shocking news as Netflix walks away from Warner Bros. Discovery (WBD) deal. For a few months, Netflix was strongly poised to take over WBD, while Paramount was on the sidelines. There was a constant back and forth initially with both companies trying to one-up each other and Warner Bros. giving them time to counter each other. However, after almost a one-year speculation, Netflix says adios to the deal. Netflix escalated its bid by restructuring its proposed $82.7 billion acquisition of Warner Bros. Discovery into an all-cash offer. The contest has since evolved into a fierce bidding. . .