Paramount Wins Warner Bros. Discovery Showdown

David Zaslav of Warner Bros. Discovery has declared a new offer by Paramount to purchase the studio, a “superior proposal,” with Netflix declining to increase its offer and officially pulling out of the ongoing bidding war:

“…we are pleased WBD’s Board has unanimously affirmed the superior value of our offer…

“…which delivers to WBD shareholders superior value, certainty and speed to closing,” Paramount CEO David Ellison announced.

Paramount will now have access to assets including TNT, CBS, CNN, MTV, TCM…

…Showtime, Adult Swim and DC Studios. 

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