Paramount Wins Bidding War for Warner Bros/Discovery After Netflix Pulls Out

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Last-minute offer by the Ellison family deemed superior.

Paramount Skydance finally won the bidding war for Warner Bros. Discovery after Netflix pulled out of negotiations, saying it wouldn’t match the 11-hour David Ellison offer for the iconic Hollywood company.

Netflix is declining to raise their bid to buy Warner Bros.

Paramount is now expected to acquire the studio. pic.twitter.com/ccl9KFlKjI

— DiscussingFilm (@DiscussingFilm) February 26...