Warner Bros set to go to Paramount:Netflix withdraws bid as deal reaches $111bn

Blitz Bureau NEW DELHI: Netflix has backed away from its proposal to buy Warner Bros Discovery, clearing the way for Paramount Skydance to win a months-long battle for one of Hollywood’s most storied studios in a deal worth around $111bn (£82.2bn), according to a BBC report. Warner Bros, which put itself up for sale last…

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