Paramount Skydance (PSKY) officially won the bidding war to acquire Warner Bros. Discovery (WBD) after Netflix (NFLX) declined to raise its offer. Business Insider chief correspondent Peter Kafka ...

Paramount executives have begun speaking to WBD shareholders to gauge their interest in tendering their shares against the recommendation of WBD's board to sell its studio and streaming assets to ...

However, the entertainment giant eventually signed onto a sweetened merger agreement with Skydance Media. The deal values the combined companies at $28 billion, while giving Skydance control of ...

Netflix has dropped out of the bidding war for Warner Bros. Discovery (WBD), making Paramount Skydance the expected owner of WBD. A Paramount-WBD merger remains subject to regulatory approval, but ...