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Netflix backs away from acquiring Warner Bros. Discovery’s streaming assets due to a more attractive bid from Paramount and Skydance.
Netflix has decided not to raise its offer to acquire Warner Bros. Discovery’s streaming and studio assets, stating the deal is no longer financially attractive.
The decision follows a revised $31-per-share bid from Paramount Global and Skydance Media, which made the acquisition less appealing.
While Netflix hasn’t formally withdrawn its proposal, it has signaled it will not pursue the deal under current terms.
The shift highlights intensifying competition among major media companies to expand their streaming platforms amid a rapidly evolving industry landscape.
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Netflix retrocede en la adquisición de los activos de transmisión de Warner Bros. Discovery debido a una oferta más atractiva de Paramount y Skydance.