The fight in Hollywood to buy Warner Bros Discovery appears to be coming to its finale after Netflix backed away from its proposal to buy the company, clearing the way for Paramount Skydance to win a months-long takeover battle.
The shooting at a high school ice hockey game left two people dead and three others injured.
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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 it’s likely that we will see a Paramount-Skydance-Warner-Bros.-Discovery media giant.