“Netflix ended nearly 14% higher on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets. Paramount said it will buy Warner Bros in a $110 billion deal , which is expected to close in the third quarter of 2026. It also paid the $2.80 billion termination fee that Warner Bros owed Netflix, the streaming giant said in a regulatory filing on Friday.” https://www.reuters.com/business/finance/netflix-paramount-shares-jump-months-long-fight-warner-bros-ends-2026-02-27/ submitted by /u/talkingatoms
Originally posted by u/talkingatoms on r/ArtificialInteligence
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