Netflix isn’t going to buy Warner Bros after all, meaning Paramount is set to take HBO, Warner Bros Games, and the rest
A few months ago, it looked probable that Netflix was going to acquire Warner Bros Discovery—owner of HBO, Cartoon Network, Warner Bros Games, and much more—but a hostile takeover bid from Paramount Skydance has won out. On Thursday, the Warner Bros Discovery board deemed a $31-per-share offer from Paramount Skydance superior to the Netflix deal,…