Financial magazine Barron’s says the Netflix deal to buy Warner Bros. Discovery is all but dead and that the streaming giant should look for a “graceful exit” to get out from under the eight-figure effort.
The magazine now speculates that Paramount Skydance is now the front runner in the bid to buy Warners.
As the sale drama continues, Warners board said on Thursday that the latest $31 per share offer from Paramount “could reasonably be expected to lead” the Netflix agreement with its $27.75 per share offer, Barron’s reported.
Should Warners announce that the Paramount offer is officially the current top bid, Netflix would have four business…
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