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Netflix and Paramount are now the favorites to buy Warner Bros., but investors don’t like it
With their latest buyout bids, Netflix and Paramount Skydance are now among the likely winners in the fight to buy Warner Bros. Discovery, but investors treated them as the losers on Wednesday, with ...
Shares of Paramount Skydance (PSKY) and Netflix (NFLX) are sinking in midday trading on Wednesday as the two media companies emerge as top bidders and are expected to butt heads for Warner Bros.
The fate of Warner Bros. Discovery will be decided by bidding war after bosses put the entire company, including its streaming services, legendary studios and revered TV drama division up for sale.
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