An ambitious billion-dollar tug-of-war as the Hollywood titan clashes with the streaming behemoth The battle to buy Warner Bros. Discovery is now a full-fledged cage match between Netflix and Paramount. Netflix had closed the deal with $82.7 billion when Paramount crashed the party with a whopping $108.4 billion bid. Netflix had the deal for WB’s […]
It’s Official; Netflix Wins the Bid War!
Christmas comes a bit early! Okay, the news is out! Netflix wins the deal. This was one hell of a bid war as Netflix rivaled Comcast and Paramount for ownership. As per the reports, the deal closed with Netflix offering $28 per share and with Paramount offering $27. Comcast and Netflix were enticed to the […]